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Via Renewables, Inc. — Director's Dealing 2019
May 21, 2019
35617_dirs_2019-05-21_f257359e-eb00-4bb2-b9f1-ab35246e7b88.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2019-05-18
Reporting Person: Garrett Jason K. (Executive VP, Retail)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-18 | Class A Common Stock | M | 21171 | — | Acquired | 47318 | Direct |
| 2019-05-18 | Class A Common Stock | M | 36082 | — | Acquired | 83400 | Direct |
| 2019-05-18 | Class A Common Stock | F | 22540 | $10.25 | Disposed | 60860 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-18 | Restricted Stock Unit | $ | M | 21171 | Disposed | Class A Common Stock (21171.0) | Direct | |
| 2019-05-18 | Restricted Stock Unit | $ | M | 36082 | Disposed | Class A Common Stock (36082.0) | Direct | |
| 2019-05-18 | Restricted Stock Unit | $ | A | 40000 | Acquired | Class A Common Stock (40000.0) | Direct |
Footnotes
F1: Payment of tax liability by delivery of Class A Common Stock (the "Common Stock") incident to vesting on May 18, 2019.
F2: Vesting price is based on the closing price of Common Stock on May 17, 2019, pursuant to the Spark Energy, Inc. Amended and Restated Long Term Incentive Plan.
F3: Each 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.
F4: These RSUs vest in full on May 18, 2019.
F5: These RSUs vest ratably over 4 years in May of each year.
F6: These 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.