FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FOUNDATION CAPITAL MANAGEMENT CO IV LLC
2. Issuer Name and Ticker or Trading Symbol

SILVER SPRING NETWORKS INC [ SSNI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

250 MIDDLEFIELD ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

4/21/2016
(Street)

MENLO PARK, CA 94025
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   4/21/2016     J (1)    219926   D $0.00   10307012   I   By Foundation Capital IV, L.P.   (2)
Common Stock   4/21/2016     J (3)    663178   D $0.00   0   I   By Foundation Capital VI, L.P.   (4)
Common Stock   4/21/2016     J (5)    170768   A $0.00   170768   I   By Foundation Capital Management Co. VI, L.L.C.   (4)
Common Stock   4/21/2016     J (6)    170768   D $0.00   0   I   By Foundation Capital Management Co. VI, L.L.C.   (4)
Common Stock   4/21/2016     J (6)    455   A $0.00   686   I   By Foundation Capital, LLC   (7)
Common Stock   4/21/2016     J (8)    14818   D $0.00   0   I   By: Foundation Capital VI Principals Fund, LLC   (4)
Common Stock                  84866   I   By: FC IV Active Advisors Fund, LLC   (2)
Common Stock                  91204   I   By: Foundation Capital IV Principals Fund, LLC   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital IV, L.P. effected following the close of the trading market on April 21, 2016 without consideration to its limited partners.
( 2)  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. William B. Elmore, Paul G. Koontz, Michael N. Schuh, Paul R. Holland and Warren M. Weiss are managing members 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. Warren M. Weiss is a director of the Issuer and, accordingly, files separate Section 16 reports. Each of the managing members of Foundation Capital Management Co. IV, LLC disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
( 3)  Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI, L.P. effected following the close of the trading market on April 21, 2016 without consideration to its limited partners and its general partner, Foundation Capital Management Co. VI, L.L.C.
( 4)  Foundation Capital Management Co. VI, LLC is the general partner of Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. William B. Elmore, Paul G. Koontz, Michael N. Schuh, Paul R. Holland, Warren M. Weiss, Charles Moldow and Steve Vassallo are the managing members 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. Warren M. Weiss is a director of the Issuer and, accordingly, files separate Section 16 reports. Each of the managing members of Foundation Capital Management Co. VI, LLC disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
( 5)  Represents a change in the form of ownership from indirect to direct by virtue of the receipt of shares in the pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI, L.P. described in footnote 3 above.
( 6)  Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital Management Co. VI, LLC effected following the close of the trading market on April 21, 2016 without consideration to its members.
( 7)  Paul R. Holland, Warren M. Weiss, Charles Moldow and Steve Vassallo are managers of Foundation Capital, LLC. Foundation Capital, LLC is under common control with Foundation Capital Management Co. IV, LLC and Foundation Capital Management Co. VI, LLC. As such, each of the managers 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, Foundation Capital IV Principals Fund, LLC, Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. Each of the managers disclaim beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
( 8)  Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI Principals Fund, LLC effected following the close of the trading market on April 21, 2016 without consideration to its members.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FOUNDATION CAPITAL MANAGEMENT CO IV LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

FC IV ACTIVE ADVISORS FUND LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

Foundation Capital IV Principals Fund, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

FOUNDATION CAPITAL IV LP
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

Foundation Capital Management Co. VI, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

Foundation Capital VI Principals Fund, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

FOUNDATION CAPITAL VI LP
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X

Foundation Capital, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA 94025

X


Signatures
/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. IV, LLC which serves as the Manager of FC IV Active Advisors Fund, LLC 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. IV, LLC which serves as the Manager of Foundation Capital IV Principals Fund, LLC 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. IV, LLC which serves as the General Partner of Foundation Capital IV, L.P 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. VI, L.L.C. 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. VI, LLC which serves as the Manager of Foundation Capital VI Principals Fund, L.L.C. 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Managing Member of Foundation Capital Management Co. VI, LLC which serves as the General Partner of Foundation Capital VI, L.P 4/22/2016
** Signature of Reporting Person Date

/s/ David Singer as Attorney-in-Fact for Warren M. Weiss, Manager of Foundation Capital, LLC 4/22/2016
** 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 4(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 control number.
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