SEC Form 4 · accession 0001329799-15-000033
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith E Erwin
Officer — EVP-Venture Capital Services
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:42 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 | Mar 2, 2015 | A | 1,807 | $0.00 | A | 55,602 | D | |
| Class A Common StockF1 | Mar 2, 2015 | F | 247 | $27.68 | D | 55,355 | D | |
| Class A Common StockF2 | Mar 3, 2015 | F | 427 | $26.00 | D | 54,928 | D | |
| Class A Common Stock | holding | — | — | — | 10,850 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $6.00 | holding | — | — | — | — | Aug 2, 2017 | Class A Common Stock | 36,240 | 36,240 | D |
Explanation of responses
- F11,807 RSUs were awarded on March 2, 2015, of which 603 vested immediately and 247 were withheld for taxes. The remaining 1,204 RSUs will vest in two equal installments beginning on the first anniversary of the date of the award. Class A Common Stock total also includes 8,000 unvested RSUs which will vest in two equal installments beginning on November 15, 2015; and 1,018 RSUs which will vest 100% on March 3, 2016.
- F2From a previously granted award, 1,017 RSUs vested on March 3, 2015 of which 427 were withheld for taxes.
- F3Stock options vest in five equal annual installments, beginning on August 2, 2011, the first anniversary of the date of the grant.