SEC Form 4 · accession 0001329799-15-000089
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
Aug 28, 2015
Accepted (ET)
Aug 28, 2015 · 2:23 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 28, 2015 | M | 8,000 | $6.00 | A | 45,693 | D | |
| Class A Common StockF2 | Aug 28, 2015 | F | 1,916 | $25.05 | D | 43,777 | 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 | Aug 28, 2015 | M | 8,000 | D | — | Aug 8, 2018 | Class A Common Stock | 8,000 | 8,000 | 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.
- F2Shares withheld to cover the exercise price in connection with the cashless exercise of options.
- F3Stock options will vest 100% on August 8, 2016, the fifth anniversary of the date of the grant.