SEC Form 4 · accession 0001606268-17-000056
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Lawrence Lane
Officer — Vice President and CFO
Period of report
May 18, 2017
Accepted (ET)
May 22, 2017 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606268
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | May 18, 2017 | M | 3,948 | $0.00 | A | 4,323 | D | |
| Class A Common StockF2,F3 | May 18, 2017 | F | 1,675 | $38.05 | D | 2,648 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | May 18, 2017 | M | 3,948 | D | — | — | Class A Common Stock | 3,948 | 11,844 | D |
| Restricted Stock UnitF4,F5 | — | May 18, 2017 | A | 11,000 | A | — | — | Class A Common Stock | 11,000 | 22,844 | D |
Explanation of responses
- F1The shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") reported represent shares issued as a result of vesting of 3,948 Restricted Stock Units ("RSU") on May 18, 2017.
- F2Payment for tax liability through the withholding of shares of Spark Energy, Inc. Class A Common Stock vesting on May 18, 2017 in an amount equal to the requisite withholding obligation.
- F3Vesting price is based on the closing price of Class A Common Stock on May 18, 2017, pursuant to the Spark Energy, Inc. Amended and Restated Long Term Incentive Plan.
- F4Each RSU represents a right to receive, upon vesting, one share of Class A Common Stock of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule referenced in footnote 5.
- F5The RSUs will vest ratably over four years commencing May 18, 2018.