SEC Form 4 · accession 0001329799-15-000087
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
Aug 25, 2015
Accepted (ET)
Aug 26, 2015 · 3:31 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 25, 2015 | M | 10,000 | $6.88 | A | 58,738 | D | |
| Class A Common StockF2 | Aug 25, 2015 | F | 2,861 | $24.03 | D | 55,877 | 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 25, 2015 | M | 10,000 | D | — | Aug 13, 2019 | Class A Common Stock | 10,000 | 20,000 | 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.
- 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 August 13, 2013, the first anniversary of the date of the grant.