SEC Form 4 · accession 0001606268-17-000057
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James G Jones II
Director
Period of report
May 18, 2017
Accepted (ET)
May 22, 2017 · 5:18 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 | 5,899 | $0.00 | A | 20,070 | 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 UnitF2,F3 | — | May 18, 2017 | M | 9,075 | D | — | — | Class A Common Stock | 9,075 | 0 | D |
| Restricted Stock UnitF4,F1 | — | May 18, 2017 | A | 7,475 | A | — | — | Class A Common Stock | 7,475 | 7,475 | 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 9,075 restricted stock units (the "Restricted Stock Units") on May 18, 2017. Of the 9,075 Restricted Stock Units, 5,899 Restricted Stock Units were settled in shares of Class A Common Stock and 3,176 Restricted Stock Units were cash settled based on the closing price on the date of vesting.
- F2Each Restricted Stock Unit 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 Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule referenced in Footnote 3.
- F3The Restricted Stock Units will vest in full on May 18, 2018. Each of these Restricted Stock Units, and all dividend equivalents, will vest and pay out upon vesting of the underlying award of Restricted Stock Units to which the dividend equivalent payment relates.
- F4Restricted Stock Units convert into Class A Common Stock on a one-for-one basis or may be cash settled in accordance with the Spark Energy Inc. Amended and Restated Long Term Incentive Plan.