0001606268-15-000019 4 1 20150316 20150316 20150316 Spark Energy, Inc. 0001606268 4931 465453215 DE 1231 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 (713) 600-2600 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 Wall Allison 0001613691 4 34 001-36559 15704352 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 4 1 wf-form4_142654364874688.xml FORM 4 X0306 4 2015-03-16 0 0001606268 Spark Energy, Inc. SPKE 0001613691 Wall Allison 2105 CITYWEST BLVD., SUITE 100 HOUSTON TX 77042 0 1 0 0 Chief Operating Officer Restricted Stock Unit 2015-03-16 4 A 0 644 14.31 A Class A Common Stock 644.0 26073 D 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 (the "Class A Common Stock"), of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule referenced in Footnote 2. Each of these RSUs vests and pays out upon vesting and payout of the underlying award of RSUs to which the dividend equivalent payment relates. These RSUs accrued on outstanding RSUs held by reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock. Balance includes original grants of RSUs and dividend equivalents issued in additional RSUs. /s/ Allison Wall, by Gil Melman as Attorney-in-Fact 2015-03-16