SEC Form 4 · accession 0001329799-15-000048
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Timothy Oakes
Officer — EVP & CFO
Period of report
Mar 25, 2015
Accepted (ET)
Mar 26, 2015 · 6:50 pm EDT
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 25, 2015 | M | 20,000 | $6.88 | A | 48,738 | 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)F2 | $6.88 | Mar 25, 2015 | M | 20,000 | D | — | Aug 13, 2019 | Class A Common Stock | 20,000 | 30,000 | D |
Explanation of responses
- F1Class A Common stock includes 1,012 unvested RSUs which will vest in two equal installments beginning on March 2, 2016, 7,333 unvested RSUs which will vest in two equal installments beginning on November 15, 2015, and 1,018 unvested RSUs which will vest 100% on March 3, 2016.
- F250,000 Stock Options were granted on August 13, 2012 of which 20,000 were exercised on March 25, 2015. The remaining stock options will vest in three equal installments beginning on August 13, 2015, the third anniversary of the date of the award.