SEC Form 4 · accession 0001606268-16-000346
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
W Keith Maxwell III
Director · 10% Owner
Retailco, LLC
10% Owner
TxEx Energy Investments, LLC
10% Owner
Period of report
Sep 15, 2016
Accepted (ET)
Sep 16, 2016 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606268
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4,F1,F2 | — | Sep 15, 2016 | S | 215,000 | D | — | — | Class A Common Stock | 215,000 | 215,000 | I |
Explanation of responses
- F1On September 15, 2016, Retailco, LLC ("Retailco") granted 215,000 restricted stock units ("RSUs") to employees of National Gas & Electric, LLC, a wholly owned subsidiary of Retailco. Each RSU represents a right to receive, upon vesting, one share of Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), of Spark Energy, Inc., held by Retailco.
- F2The RSUs will vest over one, two or three year periods depending on the recipient's underlying award agreement.
- F3Represents closing price of the Class A Common Stock on September 15, 2016.
- F4Held directly by Retailco. Retailco is a wholly owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell.