SEC Form 4 · accession 0001329799-15-000049
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Bruce Thompson
Officer — EVP -- Shared Services
Period of report
Mar 25, 2015
Accepted (ET)
Mar 26, 2015 · 6:51 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 | 24,000 | $6.00 | A | 43,176 | D | |
| Class A Common Stock | Mar 25, 2015 | F | 5,483 | $26.26 | D | 37,693 | 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 | $6.00 | Mar 25, 2015 | M | 24,000 | D | — | Aug 8, 2018 | Class A Common Stock | 24,000 | 16,000 | D |
Explanation of responses
- F1Class A Common Stock total includes 964 unvested RSUs which will vest in two equal installments beginning on March 2, 2016, the first anniversary of the date of the award, 6,000 unvested RSUs which will vest in two equal installments beginning on November 15, 2015, and 891 unvested RSUs which will vest 100% on March 3, 2016.
- F240,000 stock options were granted on August 8, 2010 of which 24,000 were exercised on March 25, 2015. The remaining stock options vest in two equal annual installments, beginning on August 8, 2015, the fourth anniversary of the date of the grant.