SEC Form 4 · accession 0001606268-18-000036
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
May 4, 2018
Accepted (ET)
May 8, 2018 · 4:52 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 Stock | May 4, 2018 | M | 31,454 | $0.00 | A | 87,720 | D | |
| Class A Common StockF1,F2 | May 4, 2018 | F | 12,344 | $11.95 | D | 75,376 | 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 UnitF3 | — | May 4, 2018 | M | 31,454 | D | — | — | Class A Common Stock | 31,454 | 133,533 | D |
Explanation of responses
- F1Payment of tax liability by delivery of Class A Common Stock (the "Common Stock") incident to vesting on May 4, 2018.
- F2Vesting price is based on the closing price of Common Stock on May 4, 2018, pursuant to the Spark Energy, Inc. Long Term Incentive Plan, as amended.
- F3Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share, 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.