SEC Form 4 · accession 0001329799-15-000035
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas H Bowers
Officer — President & CEO · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:44 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 | 10,839 | $0.00 | A | 157,070 | D | |
| Class A Common StockF1 | Mar 2, 2015 | F | 1,636 | $27.68 | D | 155,434 | D | |
| Class A Common StockF2 | Mar 2, 2015 | F | 2,092 | $27.68 | D | 153,342 | D | |
| Class A Common StockF3 | Mar 3, 2015 | F | 2,341 | $26.00 | D | 151,001 | D |
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)F4 | $6.00 | holding | — | — | — | — | Mar 29, 2018 | Class A Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F110,839 RSUs were awarded on March 2, 2015, of which 3,613 vested immediately and 1,636 were withheld for taxes. The remaining 7,226 RSUs will vest in two equal installments beginning with the first anniversary of the date of the award. Class A Common Stock total also includes 16,666 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 an award previously granted, 4,567 RSUs vested on March 2, 2015, of which 2,092 were withheld for taxes.
- F3From an award previously granted, 5,089 RSUs vested on March 3, 2015 of which 2,341 were withheld for taxes.
- F4Stock options vest in five equal annual installments beginning on March 29, 2012, the first anniversary of the date of the grant.