SEC Form 4 · accession 0001329799-15-000095
SQUARE 1 FINANCIAL INC · SQBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F. Grant III
Director
Period of report
Sep 8, 2015
Accepted (ET)
Sep 9, 2015 · 4:00 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 8, 2015 | M | 25,000 | $6.00 | A | 53,412 | D | |
| Class A Common StockF2 | Sep 8, 2015 | F | 6,117 | $24.52 | D | 47,295 | 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 | Sep 8, 2015 | M | 25,000 | D | — | Aug 2, 2017 | Class A Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Class A Common Shares include 1,031 RSUs which will vest 100% on February 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 2, 2011, the first anniversary of the date of the grant.