SEC Form 4 · accession 0001209191-15-039108
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kamran F Husain
Officer — Chief Accounting Officer
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 8:23 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 | May 1, 2015 | M | 280 | — | A | 717 | D | |
| Common StockF3 | May 1, 2015 | F | 106 | $129.81 | D | 611 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | May 1, 2015 | M | 280 | D | May 1, 2013 | May 1, 2019 | Common Stock | 280 | 280 | D |
| Restricted Stock UnitF4,F2 | $0.00 | May 1, 2015 | A | 1,318 | A | May 1, 2016 | May 1, 2022 | Common Stock | 1,318 | 1,318 | D |
| Stock OptionF5 | $129.81 | May 1, 2015 | A | 1,328 | A | May 1, 2016 | May 1, 2022 | Common Stock | 1,328 | 1,328 | D |
Explanation of responses
- F1Previously reported restricted stock units vested on 5/1/2015.
- 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.
- F4Restricted stock units are subject to annual vesting in equal installments on May 1, 2016, May 1, 2017, May 1, 2018, and May 1, 2019.
- F5The grant of stock options is subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates. The exercise price of the stock options is determined based on the closing price of SIVB common stock on the date of grant.