SEC Form 4 · accession 0001209191-16-117629
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
Apr 30, 2016
Accepted (ET)
May 4, 2016 · 8:53 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 | Apr 30, 2016 | M | 225 | — | A | 679 | D | |
| Common StockF1 | May 1, 2016 | M | 280 | — | A | 959 | D | |
| Common StockF1 | May 1, 2016 | M | 330 | — | A | 1,289 | D | |
| Common StockF2 | May 2, 2016 | F | 316 | $105.18 | D | 973 | D | |
| Common Stock | holding | — | — | — | 304 | 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 | $0.00 | May 1, 2016 | M | 280 | D | May 1, 2013 | May 1, 2019 | Common Stock | 280 | 0 | D |
| Restricted Stock UnitF1 | $0.00 | Apr 30, 2016 | M | 225 | D | Apr 30, 2014 | Apr 30, 2020 | Common Stock | 225 | 225 | D |
| Restricted Stock UnitF1 | $0.00 | May 1, 2016 | M | 330 | D | May 1, 2016 | May 1, 2022 | Common Stock | 330 | 988 | D |
| Restricted Stock UnitF3,F1 | $0.00 | May 2, 2016 | A | 1,768 | A | May 2, 2017 | May 2, 2023 | Common Stock | 1,768 | 1,768 | D |
| Stock OptionF4 | $105.18 | May 2, 2016 | A | 2,012 | A | May 2, 2017 | May 2, 2023 | Common Stock | 2,012 | 2,012 | D |
Explanation of responses
- F1Each 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 restricted stock units.
- F3Restricted stock units are subject to annual vesting in equal installments on May 2, 2017, May 2, 2018, May 2, 2019, and May 2, 2020.
- F4The 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 SVB's common stock on the date of grant.