0001606268-16-000346 4 1 20160915 20160916 20160916 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 TxEx Energy Investments, LLC 0001664236 TX 1231 4 34 001-36559 161889759 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 832-200-3792 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 Retailco, LLC 0001664233 TX 1231 4 34 001-36559 161889760 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 832-200-3792 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 Maxwell W Keith III 0001582187 4 34 001-36559 161889761 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 4 1 wf-form4_147405802775176.xml FORM 4 X0306 4 2016-09-15 0 0001606268 Spark Energy, Inc. SPKE 0001582187 Maxwell W Keith III 12140 WICKCHESTER LANE, SUITE 100 HOUSTON TX 77079 1 0 1 0 0001664233 Retailco, LLC 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 0 0 1 0 0001664236 TxEx Energy Investments, LLC 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 0 0 1 0 Restricted Stock Unit 2016-09-15 4 S 0 215000 27.65 D Class A Common Stock 215000.0 215000 I See Footnote On September 15, 2016, Retailco, LLC ("Retailco") granted 215,000 restricted stock units ("RSUs") to employees of National Gas & Electric, LLC, a wholly owned subsidiary of Retailco. Each RSU represents a right to receive, upon vesting, one share of Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), of Spark Energy, Inc., held by Retailco. The RSUs will vest over one, two or three year periods depending on the recipient's underlying award agreement. Represents closing price of the Class A Common Stock on September 15, 2016. Held directly by Retailco. Retailco is a wholly owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell. /s/ W. Keith Maxwell III, by Gil Melman, Attorney-in-fact 2016-09-16 /s/ Retailco, LLC, by Gil Melman, Attorney-in-fact 2016-09-15 /s/ TxEx Energy Investments, LLC, by Gil Melman, Attorney-in-fact 2016-09-15