SEC Form 4/A · accession 0001606268-18-000128
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jason K. Garrett
Officer — Executive VP, Retail
Period of report
Sep 13, 2018
Accepted (ET)
Dec 18, 2018 · 6:07 pm EST
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 UnitF2,F4,F1,F3 | — | Sep 13, 2018 | A | 417 | A | May 18, 2019 | — | Class A Common Stock | 417 | 20,417 | D |
| Restricted Stock UnitF2,F4,F1,F5 | — | Sep 13, 2018 | A | 1,843 | A | — | — | Class A Common Stock | 1,843 | 90,305 | D |
| Restricted Stock UnitF2,F4,F1,F6 | — | Sep 13, 2018 | A | 833 | A | — | — | Class A Common Stock | 833 | 40,833 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "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 as the underlying RSU.
- F2These RSUs accrued on outstanding RSUs held by the reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock.
- F3These RSUs will vest in full on May 18, 2019.
- F4Balance includes original grants of RSUs and dividend equivalents issued in additional RSUs.
- F5These RSUs vest according to the following schedule: 35,869 on May 18, 2019; 25,043 on May 18, 2020; 19,393 on May 18, 2021; and 10,000 on May 18, 2022.
- F6These RSUs vest upon certain conditions in connection with a "Change in Control" of Spark Energy, Inc. as such term is defined in the Form of Notice of Grant of Restricted Stock Unit (Change in Control Restricted Stock Units), filed as Exhibit 10.5 to Spark Energy, Inc.'s Quarterly Report on Form 10-Q for quarter ended June 30, 2018.