FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/12/2013 |
3. Issuer Name and Ticker or Trading Symbol
SILVER SPRING NETWORKS INC [ SSNI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible Preferred Stock | (1) | (1) | Common Stock | 3,925,191 | (1) | I | By: Foundation Capital IV, L.P.(4) |
Series A Convertible Preferred Stock | (1) | (1) | Common Stock | 30,998 | (1) | I | By: FC IV Active Advisors Fund, LLC(4) |
Series A Convertible Preferred Stock | (1) | (1) | Common Stock | 33,312 | (1) | I | By: Foundation Capital IV Principals Fund, LLC(4) |
Series B Convertible Preferred Stock | (1) | (1) | Common Stock | 3,942,880 | (1) | I | By: Foundation Capital IV, L.P.(4) |
Series B Convertible Preferred Stock | (1) | (1) | Common Stock | 31,137 | (1) | I | By: FC IV Active Advisors Fund, LLC(4) |
Series B Convertible Preferred Stock | (1) | (1) | Common Stock | 33,462 | (1) | I | By: Foundation Capital IV Principals Fund, LLC(4) |
Series C Convertible Preferred Stock | (1) | (1) | Common Stock | 1,744,438 | (1) | I | By: Foundation Capital IV, L.P.(4) |
Series C Convertible Preferred Stock | (1) | (1) | Common Stock | 13,776 | (1) | I | By: FC IV Active Advisors Fund, LLC(4) |
Series C Convertible Preferred Stock | (1) | (1) | Common Stock | 14,804 | (1) | I | By: Foundation Capital IV Principals Fund, LLC(4) |
Series D Convertible Preferred Stock | (2) | (2) | Common Stock | 160,496 | (2) | I | By: Foundation Capital IV, L.P.(4) |
Series D Convertible Preferred Stock | (2) | (2) | Common Stock | 1,267 | (2) | I | By: FC IV Active Advisors Fund, LLC(4) |
Series D Convertible Preferred Stock | (2) | (2) | Common Stock | 1,362 | (2) | I | By: Foundation Capital IV Principals Fund, LLC(4) |
Series D Convertible Preferred Stock | (2) | (2) | Common Stock | 483,970 | (2) | I | By: Foundation Capital VI, L.P.(5) |
Series D Convertible Preferred Stock | (2) | (2) | Common Stock | 5,408 | (2) | I | By: Foundation Capital VI Principals Fund, LLC(5) |
Series E Convertible Preferred Stock | (3) | (3) | Common Stock | 24,597 | (3) | I | By: Foundation Capital IV, L.P.(4) |
Series E Convertible Preferred Stock | (3) | (3) | Common Stock | 194 | (3) | I | By: FC IV Active Advisors Fund, LLC(4) |
Series E Convertible Preferred Stock | (3) | (3) | Common Stock | 209 | (3) | I | By: Foundation Capital IV Principals Fund, LLC(4) |
Series E Convertible Preferred Stock | (3) | (3) | Common Stock | 74,172 | (3) | I | By: Foundation Capital VI, L.P.(5) |
Series E Convertible Preferred Stock | (3) | (3) | Common Stock | 828 | (3) | I | By: Foundation Capital VI Principals Fund, LLC(5) |
Explanation of Responses: |
1. Each share of Series A Convertible Preferred Stock, Series B Convertible Preferred Stock, and Series C Convertible Preferred Stock is convertible at any time into shares of the Issuer's Common Stock at the holder's election and does not have an expiration date. Upon the closing of the Issuer's initial public offering, each share will automatically convert into one share of Common Stock. |
2. Each share of Series D Convertible Preferred Stock is convertible at any time into shares of the Issuer's Common Stock at the holder's election and does not have an expiration date. Upon the closing of the Issuer's initial public offering, each share will automatically convert into the number of shares of Common Stock determined by dividing $38.9270 by the price per share of Common Stock offered to the public in the Issuer's initial public offering. |
3. Each share of Series E Convertible Preferred Stock is convertible at any time into shares of the Issuer's Common Stock at the holder's election and does not have an expiration date. Upon the closing of the Issuer's initial public offering, each share will automatically convert into the number of shares of Common Stock determined by dividing $50.0000 by the price per share of Common Stock offered to the public in the Issuer's initial public offering. |
4. Foundation Capital Management Co. IV, LLC is the general partner of Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. Warren M. Weiss is a managing member of Foundation Capital Management Co. IV, LLC, and may be deemed to share voting and investment power over the shares owned by Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. As a managing member of Foundation Capital Management Co. IV, LLC, Mr. Weiss disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein. |
5. Foundation Capital Management Co. VI, LLC is the general partner of Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. Warren M. Weiss is managing member of Foundation Capital Management Co. VI, LLC and may be deemed to share voting and investment power over the shares owned by Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. As a managing member of Foundation Capital Management Co. VI, LLC, Mr. Weiss disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein. |
/s/ Gail M. Haney as Attorney-In-Fact | 03/12/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |