SEC Form 4 · accession 0001329799-15-000093
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
Sep 1, 2015
Accepted (ET)
Sep 1, 2015 · 4:24 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 | Sep 1, 2015 | M | 18,000 | $6.00 | A | 86,717 | D | |
| Class A Common StockF2 | Sep 1, 2015 | F | 4,284 | $25.21 | D | 82,433 | D | |
| Class A Common StockF3 | Sep 1, 2015 | F | 406 | $25.21 | D | 82,027 | 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 | Sep 1, 2015 | M | 18,000 | D | — | Aug 2, 2017 | Class A Common Stock | 18,000 | 0 | 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.