SEC Form 4 · accession 0001606268-19-000001
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gil Melman
Other
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:30 pm EST
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,F2 | Jan 1, 2019 | M | 103,930 | $0.00 | A | 105,030 | D | |
| Class A Common StockF3,F4 | Jan 1, 2019 | F | 40,896 | $7.43 | D | 64,134 | 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,F5 | — | Jan 1, 2019 | M | 83,114 | D | — | — | Class A Common Stock | 83,114 | 0 | D |
| Restricted Stock UnitF2,F6 | — | Jan 1, 2019 | M | 20,816 | D | — | — | Class A Common Stock | 20,816 | 0 | D |
Explanation of responses
- F1Issued as a result of accelerated vesting of 103,930 Restricted Stock Units ("RSUs") pursuant to the terms of that certain Transition and Resignation Agreement and Mutual Release of Claims, by and between the Reporting Person and the Issuer (the "Transition Agreement").
- F2RSUs convert into Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") on a one-to-one basis, cash, or a combination of both.
- F3Payment for tax liability through the withholding of shares of Class A Common Stock.
- F4Price is based on the closing price of Class A Common Stock on December 31, 2018, pursuant to the Spark Energy, Inc. Amended and Restated-Long Term Incentive Plan.
- F5These RSUs were scheduled to vest ratably over 4 years in May of each year following the grant. The vesting of these RSUs was accelerated pursuant to the Transition Agreement described in Footnote 1 above.
- F6These RSUs were scheduled to vest in full on May 18, 2019. The vesting of these RSUs was accelerated pursuant to the Transition Agreement described in Footnote 1 above.