SEC Form 4 · accession 0001329799-15-000080
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Kranack
Officer — EVP -- Head of Human Resources
Period of report
Aug 5, 2015
Accepted (ET)
Aug 6, 2015 · 2:52 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 | Aug 5, 2015 | M | 4,000 | $6.88 | A | 20,948 | D | |
| Class A Common StockF2 | Aug 5, 2015 | F | 1,013 | $27.3001 | D | 19,935 | 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 | $6.88 | Aug 5, 2015 | M | 4,000 | D | — | Oct 29, 2019 | Class A Common Stock | 4,000 | 6,000 | D |
Explanation of responses
- F1Class A Common stock includes 843 unvested RSUs which will vest in two equal installments beginning on March 2, 2016, 10,666 unvested RSUs which will vest in two equal installments beginning on November 15, 2015, and 509 unvested RSUs which will vest 100% on March 3, 2016.
- F2Shares withheld to cover the exercise price in connection with the cashless exercise of options.
- F3Stock options vest in five equal annual installments, beginning on October 29, 2013, the first anniversary of the date of the grant.