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Actionable news in SSNI: SILVER SPRING NETWORKS INC,

Silver Spring Networks's President & CEO was just granted 250,000 restricted shares

Michael Bell, Silver Spring Networks's President & CEO and a director of the company, just received 250,000 restricted shares from the company. The restricted shares don't become available to Bell until such time as they become vested. Bell now owns at least 250,000 restricted shares of the company.

Some additional info was provided as follows:

Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration. The RSUs shall be 1/4th vested on November 10, 2016 and thereafter shall vest quarterly as to 1/16th of the total RSUs in equal installments with the first 1/16th vesting on February 10, 2017. Shares of the Issuer's common stock will be delivered to...

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