SEC Form 4 · accession 0001329799-15-000051
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
Apr 8, 2015
Accepted (ET)
Apr 9, 2015 · 12:41 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 | Apr 8, 2015 | M | 4,207 | $6.00 | A | 59,135 | D | |
| Class A Common StockF2 | Apr 8, 2015 | F | 946 | $26.68 | D | 58,189 | 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)F3 | $6.00 | Apr 8, 2015 | M | 4,207 | D | — | Aug 2, 2017 | Class A Common Stock | 4,207 | 32,033 | D |
Explanation of responses
- F1Class A Common Stock includes 1,205 unvested RSUs which will vest in two equal annual installments beginning on March 2, 2016, 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.
- F2Shares withheld in connection with the cashless exercise of options.
- F3Stock options include 14,033 vested options, and 18,000 options which will vest on August 2, 2015, the fifth anniversary of the date of the award.