SEC Form 4 · accession 0001209191-15-086881
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John China
Officer — Head of Relationship Banking
Period of report
Dec 21, 2015
Accepted (ET)
Dec 23, 2015 · 6:33 pm EST
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 | Dec 21, 2015 | M | 4,050 | — | A | 9,716 | D | |
| Common StockF2 | Dec 21, 2015 | F | 1,689 | $119.77 | D | 8,027 | D | |
| Common Stock | holding | — | — | — | 5,377 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitF1 | $0.00 | Dec 21, 2015 | M | 4,050 | D | Dec 20, 2015 | Apr 30, 2020 | Common Stock | 4,050 | 0 | D |
Explanation of responses
- F1Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F2Shares withheld by Issuer for payment of tax liability incurred upon vesting of performance-based restricted stock units.