0001606268-18-000111 4 1 20181106 20181109 20181109 Maxwell W Keith III 0001582187 4 34 001-36559 181171618 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 Retailco, LLC 0001664233 TX 1231 4 34 001-36559 181171619 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 832-200-3792 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 TxEx Energy Investments, LLC 0001664236 TX 1231 4 34 001-36559 181171620 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 832-200-3792 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 Spark Energy, Inc. 0001606268 4931 465453215 DE 1231 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 (713) 600-2600 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 4 1 wf-form4_154177397690577.xml FORM 4 FORM 4 OMB APPROVAL [ ] Check this OMB Number: box if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION 3235-0287 subject to Washington, D.C. 20549 Estimated Section 16. Form STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF average burden 4 or Form 5 SECURITIES hours per obligations may response... 0.5 continue. See Instruction 1(b). 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 2. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to Maxwell W Keith III Spark Energy, Inc. [ SPKE Issuer (Check all ] applicable) __X__ Director __X__ 10% Owner (Last) (First) (Middle) 3. Date of Earliest _____ Officer (give title 12140 WICKCHESTER LANE, SUITE Transaction (MM/DD/YYYY) below) _____ Other 100, 11/6/2018 (specify below) (Street) 4. If Amendment, Date 6. Individual or HOUSTON, TX 77079 Original Filed Joint/Group Filing (Check (City) (State) (Zip) (MM/DD/YYYY) 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 2. Trans. Date 2A. 3. Trans. 4. Securities Acquired (A) or 5. Amount of 6. Ownership 7. Nature of (Instr. 3) Deemed Code Disposed of (D) Securities Form: Direct (D) Indirect Execution (Instr. 8) (Instr. 3, 4 and 5) Beneficially or Indirect (I) Beneficial Date, if Owned Following (Instr. 4) Ownership any Reported (Instr. 4) Transaction(s) (A) (Instr. 3 and 4) or Code V Amount (D) Price Class A Common Stock 11/6/2018 P 38993 A $8.48 (1) 1225831 D Class A Common Stock 11/7/2018 P 58387 A $9.17 (2) 1284218 D Class A Common Stock 11/8/2018 C 685126 A $0 (3) 1328008 I (4) See footnotes Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. Trans. Date 3A. 4. Trans. 5. Number of Derivative 6. Date Exercisable 7. Title and Amount of 8. Price 9. Number of 10. 11. Nature Derivate Security Conversion Deemed Code Securities Acquired (A) or and Expiration Date Securities Underlying of derivative Ownership of (Instr. 3) or Execution (Instr. 8) Disposed of (D) Derivative Security Derivative Securities Form of Indirect Exercise Date, if (Instr. 3, 4 and 5) (Instr. 3 and 4) Security Beneficially Derivative Beneficial Price of any (Instr. 5) Owned Security: Ownership Derivative Following Direct (D) (Instr. 4) Security Reported or Transaction(s) Indirect Date Expiration Amount or (Instr. 4) (I) Exercisable Date Title Number of (Instr. 4) Code V (A) (D) Shares Class B Common Class A See Stock/Spark (3) 11/8/2018 C 685126 (5) (3) (3) Common 685126.0 $0 20800000 I (6) footnotes HoldCo Units Stock Explanation of Responses: (1) The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.45 to $8.52, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. (2) The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.85 to $9.49, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. (3) Subject to terms of the Third Amended and Restated Limited Liability Company Agreement of Spark HoldCo, LLC, the units of Spark HoldCo, LLC (the "Spark HoldCo Units"), together with a corresponding number of shares of Class B Common Stock of Spark Energy, Inc (the "Issuer") may be exchanged, at any time and from time to time, for Class A Common Stock of the Issuer (or cash at the Issurer or Spark HoldCo's election) at an exchange ratio of one share of Class A Common Stock for each Spark HoldCo Unit (and corresponding share of Class B Common Stock). (4) Held directly by Retailco, LLC ("Retailco"). Retailco is a wholly-owned subsidiary of TxEx Energy Investments, LLC ("TxEx"). which is wholly owned by W. Keith Maxwell III. (5) On November 8, 2018, Retailco elected to convert 685,126 Spark HoldCo Units, together with a corresponding number of shares of Class B Common Stock, into 685,126 shares of Class A Common Stock. (6) 20,525,000 shares are held directly by Retailco (see footnote 4 above) and 275,000 shares are held directly by NuDevco Retail, LLC. NuDevco Retail, LLC is a wholly-owned subsidiary of NuDevco Retail Holdings, which is a wholly-owned subsidiary of Electric Holdco, LLC, which is a wholly-owned subsidiary of TxEx, which is wholly-owned by W. Keith Maxwell. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Maxwell W Keith III 12140 WICKCHESTER LANE, SUITE 100 X X HOUSTON, TX 77079 Retailco, LLC 12140 WICKCHESTER LANE X SUITE 100 HOUSTON, TX 77079 TxEx Energy Investments, LLC 12140 WICKCHESTER LANE X SUITE 100 HOUSTON, TX 77079 Signatures /s/ W. Keith Maxwell III, by Gil Melman, Attorney-in-fact 11/9/2018 ** Signature of Reporting Person Date /s/ Retailco, LLC, by Gil Melman, Attorney-in-fact 11/9/2018 ** Signature of Reporting Person Date /s/ TxEx Energy Investments, LLC, by Gil Melman, Attorney-in-fact 11/9/2018 ** 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.