SEC Form 4 · accession 0001209191-15-038177
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Descheneaux
Officer — Chief Financial Officer
Period of report
Apr 29, 2015
Accepted (ET)
May 1, 2015 · 7:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 29, 2015 | M | 444 | — | A | 9,708 | D | |
| Common StockF3 | Apr 29, 2015 | F | 212 | $133.12 | D | 9,496 | D | |
| Common Stock | Apr 29, 2015 | M | 2,000 | $60.37 | A | 11,496 | D | |
| Common Stock | Apr 29, 2015 | M | 1,000 | $45.19 | A | 12,496 | D | |
| Common Stock | Apr 29, 2015 | M | 2,000 | $64.37 | A | 14,496 | D | |
| Common Stock | Apr 29, 2015 | S | 200 | $133.82 | D | 14,296 | D | |
| Common Stock | Apr 29, 2015 | S | 100 | $133.76 | D | 14,196 | D | |
| Common Stock | Apr 29, 2015 | S | 300 | $133.72 | D | 13,896 | D | |
| Common Stock | Apr 29, 2015 | S | 300 | $133.70 | D | 13,596 | D | |
| Common Stock | Apr 29, 2015 | S | 1,100 | $133.68 | D | 12,496 | D | |
| Common Stock | Apr 29, 2015 | S | 500 | $133.74 | D | 11,996 | D | |
| Common Stock | Apr 29, 2015 | S | 1,162 | $133.73 | D | 10,834 | D | |
| Common Stock | Apr 29, 2015 | S | 100 | $133.65 | D | 10,734 | D | |
| Common Stock | Apr 29, 2015 | S | 500 | $133.33 | D | 10,234 | D | |
| Common Stock | Apr 29, 2015 | S | 138 | $133.31 | D | 10,096 | D | |
| Common StockF4 | Apr 29, 2015 | S | 2,000 | $133.3199 | D | 8,096 | D | |
| Common Stock | Apr 29, 2015 | S | 600 | $133.77 | D | 7,496 | D | |
| Common Stock | holding | — | — | — | 260 | I | By 401(k)/ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $64.37 | Apr 29, 2015 | M | 2,000 | D | May 1, 2013 | May 1, 2019 | Common Stock | 2,000 | 13,400 | D |
| Stock Option | $60.37 | Apr 29, 2015 | M | 2,000 | D | Apr 27, 2012 | Apr 27, 2018 | Common Stock | 2,000 | 8,000 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Apr 29, 2015 | M | 444 | D | Apr 29, 2015 | Apr 29, 2021 | Common Stock | 444 | 1,330 | D |
| Stock Option | $45.19 | Apr 29, 2015 | M | 1,000 | D | Jul 27, 2011 | Jul 27, 2017 | Common Stock | 1,000 | 4,767 | D |
Explanation of responses
- F1Previously reported restricted stock units vested on 4/29/2015.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F3Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- F4The 2,000 shares were sold through separate trades, with the sale prices ranging from $133.11 to $133.73 and at a weighted average sale price of $133.3199.