SEC Form 4 · accession 0001329799-15-000015
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert I Usdan
Director
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 7:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001329799
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Feb 3, 2015 | A | 1,031 | $0.00 | A | 2,176 | I | Endicott Management Co. |
| Class B Common StockF3 | holding | — | — | — | 1,349,227 | I | By Endicott Opportunity Partners III, LP | |
| Class A Common Stock | holding | — | — | — | 1,898,842 | I | By Endicott Opportunity Partners III, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11,145 RSUs vested 100% on February 3, 2015. 1,031 RSUs were awarded on February 3, 2015 which will vest 100% on February 3, 2016.
- F2Mr. Usdan is a shareholder and Co-President of the Endicott Management Co. Accordingly, Mr. Usdan may be deemed to have beneficial ownership of the securities owned by this entity. Mr. Usdan disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.
- F3Mr. Usdan serves as the managing member of W.R. Endicott III, L.L.C., the general partner of Endicott Opportunity Partners III, L.P. ("EOP III"). Accordingly, Mr. Usdan may be deemed to have beneficial ownership of the shares of Class A and Class B common stock owned by EOP III. Mr. Usdan disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.