Sec Form 4 Filing - Maxwell W Keith III @ Spark Energy, Inc. - 2017-12-22

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Maxwell W Keith III 2. Issuer Name and Ticker or Trading Symbol Spark Energy, Inc. [ SPKE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 12140 WICKCHESTER LANE, SUITE 100, 3. Date of Earliest Transaction (MM/DD/YY) 12/22/2017 (Street) HOUSTON, TX77079 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 Class A Common Stock 12/22/2017 P 300 ( 1 ) A $ 11.51 ( 2 ) 1,005,096 ( 3 ) D Class A Common Stock 05/03/2018 X 373,000 D $ 0 955,008 I See Footnotes ( 4 ) Class A Common Stock 08/02/2018 X 51,000 D $ 0 904,008 I See footnotes ( 4 ) Class A Common Stock 09/17/2018 P 8,000 A $ 8.29 ( 5 ) 1,020,596 ( 3 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securi ties 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 Restricted Stock Unit ( 6 ) 05/03/2018 X 373,000 ( 7 ) ( 7 ) Class A Common Stock 373,000 $ 0 57,000 I See Footnote ( 4 ) Restricted Stock Unit ( 6 ) 06/29/2018 E V 4,000 ( 7 ) ( 7 ) Class A Common Stock 4,000 $ 0 53,000 I See Footnote ( 4 ) Restricted Stock Unit ( 6 ) 08/02/2018 X 51,000 ( 7 ) ( 7 ) Class A Common Stock 51,000 $ 0 2,000 I See Footnote ( 4 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Maxwell W Keith III 12140 WICKCHESTER LANE, SUITE 100 HOUSTON, TX77079 X X TxEx Energy Investments, LLC 12140 WICKCHESTER LANE SUITE 100 HOUSTON, TX77079 X Retailco, LLC 12140 WICKCHESTER LANE SUITE 100 HOUSTON, TX77079 X Signatures /s/ W. Keith Maxwell III 04/04/2019 Signature of Reporting Person Date /s/ W. Keith Maxwell III, Chief Executive Officer of TxEx Energy Investments, LLC 04/04/2019 Signature of Reporting Person Date /s/ W. Keith Maxwell III, Chief Executive Officer of Retailco, LLC 04/04/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The purchase of Class A common stock reported herein by the reporting person may be matchable under Section 16(b) of the Securities and Exchange Act of 1934, as amended. The reporting person has agreed to disgorge any short swing profits associated with such matching transactions. ( 2 )The price reported in Column 4, is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.50 to $11.5155, 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 )The number of shares of Class A common stock reported as holdings has been updated to reflect the unreported transaction, as well as other unreported transactions and amendments to existing Form 4s filed on or about the date hereof. ( 4 )Held directly by Retailco, LLC ("Retailco") at time of vesting and settlement. Retailco is a wholly-owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell III. On November 13, 2018, the Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") held by Retailco became directly owned by W. Keith Maxwell III, representing a change in the beneficial ownership. In future filings, these shares will be shown as held directly by W. Keith Maxwell III. ( 5 )The price reported in Column 4, is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.275 to $8.3, 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. ( 6 )On September 15, 2016, Retailco granted 430,000 restricted stock units ("RSUs") to employees of National Gas & Electric, LLC, a wholly owned subsidiary of Retailco. Each RSU represented an obligation of Retailco to deliver, and the recipient's right to receive, upon satisfaction of vesting conditions and without payment of consideration, one share of Class A Common Stock of Spark Energy, Inc., held by Retailco. The number of RSUs and shares of Class A Common Stock reported herein reflect a two-for-one stock split, which took effect on June 16, 2017. ( 7 )The RSUs vested over one, two or three-year periods depending on the recipient's underlying award agreement. The initial vesting of 373,000 RSUs occurred on August 1, 2017 and those vested RSUs were settled on May 3, 2018. On June 29, 2018, 4,000 RSUs were forfeited. On August 2, 2018, 51,000 RSUs vested and were settled.

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