SEC Form 4 · accession 0001329799-15-000076
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
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 3:57 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 | Jul 23, 2015 | M | 14,033 | $6.00 | A | 72,222 | D | |
| Class A Common StockF2 | Jul 23, 2015 | F | 2,993 | $28.13 | D | 69,229 | D | |
| Class A Common StockF3 | Jul 23, 2015 | F | 512 | $28.13 | D | 68,717 | 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)F4 | $6.00 | Jul 23, 2015 | M | 14,033 | D | — | Aug 2, 2017 | Class A Common Stock | 14,033 | 18,000 | 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 to cover the exercise price in connection with the cashless exercise of options.
- F3Shares withheld for taxes in connection with the cashless exercise of options.
- F4Stock options vest in five equal annual installments, beginning on August 2, 2011, the first anniversary of the date of the grant.