SEC Form 4 · accession 0001606268-17-000099
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan Kroeker
Officer — President & CEO · Director
Period of report
Aug 9, 2017
Accepted (ET)
Aug 11, 2017 · 4:50 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 |
|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1,F2 | Aug 9, 2017 | P | 1,000 | $26.41 | A | 1,000 | D | |
| Series A Preferred StockF1,F3 | Aug 10, 2017 | P | 1,000 | $26.3038 | A | 2,000 | D | |
| Series A Preferred StockF1,F4 | Aug 11, 2017 | P | 1,775 | $26.3008 | A | 3,775 | D | |
| Class A Common StockF5 | holding | — | — | — | 56,266 | 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 UnitF7,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 157,750 | 157,750 | D |
Explanation of responses
- F1The full name of the Series A Preferred Stock is "8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock."
- F2The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.38 to $26.44, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F3The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.18 to $26.44, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F4The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.17 to $26.40, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F5This amount reflects the effect of a two-for-one stock split of the Company's Common Stock for all shares of record on June 5, 2017, and reports the corrected number of 28,133 pre-split shares of Class A Common Stock, par value $0.01 per share ("Class A Common Stock") based on a correction of a calculation error reported on Form 4/A filed on August 8, 2017 for the reporting person.
- F6Each Restricted Stock Unit ("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 and pays out upon vesting and payout of the underlying award of RSUs to which the dividend equivalent payment relates.
- F7This amount reflects the effect of a two-for-one stock split of the Company's RSUs and underlying Class A Common Stock for all shares of record on June 5, 2017, and reports the corrected number of 78,875 pre-split RSUs based on a correction of a calculation error reported on Form 4/A filed on August 8, 2017 for the reporting person.