SEC Form 4 · accession 0001209191-15-038651
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc J Verissimo
Officer — Chief Risk Officer
Period of report
Apr 30, 2015
Accepted (ET)
May 4, 2015 · 8:48 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 30, 2015 | M | 550 | — | A | 19,556 | D | |
| Common StockF3 | Apr 30, 2015 | F | 207 | $132.76 | D | 19,349 | D | |
| Common Stock | Apr 30, 2015 | M | 1,875 | $71.11 | A | 21,224 | D | |
| Common StockF4 | Apr 30, 2015 | S | 1,875 | $133.8641 | D | 19,349 | D | |
| Common Stock | holding | — | — | — | 11,733 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Apr 30, 2015 | M | 550 | D | Apr 30, 2014 | Apr 30, 2020 | Common Stock | 550 | 1,100 | D |
| Stock Option | $71.11 | Apr 30, 2015 | M | 1,875 | D | Apr 30, 2014 | Apr 30, 2020 | Common Stock | 1,875 | 3,750 | D |
Explanation of responses
- F1Previously reported restricted stock units vested on 4/30/2015.
- 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 1,875 shares were sold through separate trades, with the sale prices ranging from $133.86 to $134.00 and at a weighted average sale price of $133.8641.