SEC Form 4 · accession 0001329799-15-000091
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sam Bhaumik
Officer — EVP-Silicon Valley Banking
Period of report
Aug 28, 2015
Accepted (ET)
Aug 31, 2015 · 3:49 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 Stock | Aug 28, 2015 | M | 18,000 | $6.00 | A | 20,778 | D | |
| Class A Common StockF1 | Aug 28, 2015 | F | 4,311 | $25.05 | D | 16,467 | D | |
| Class A Common Stock | Aug 31, 2015 | M | 18,000 | $6.00 | A | 34,467 | D | |
| Class A Common StockF2 | holding | — | — | — | 25,338 | I | By Trust |
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 | 18,000 | D | — | Oct 25, 2018 | Class A Common Stock | 18,000 | 42,000 | D |
| Stock Option (Right to Buy)F3 | $6.00 | Aug 31, 2015 | M | 18,000 | D | — | Oct 25, 2018 | Class A Common Stock | 18,000 | 24,000 | D |
Explanation of responses
- F1Shares withheld to cover the exercise price in connection with the cashless exercise of options.
- F2Class A Common Stock includes 1,084 unvested RSUs which will vest in two equal annual installments beginning on March 2, 2016; 7,333 unvested RSUs which will vest in two equal annual installments starting on November 15, 2015; and 1,018 RSUs which will vest 100% on March 3, 2016.
- F3Stock options vest in two equal annual installments, beginning on October 25, 2015, the fourth anniversary of the date of the grant.