SEC Form 4 · accession 0001209191-16-122063
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Clapper
Director
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 3:15 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 Stock | holding | — | — | — | 14,706 | D |
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 18, 2016 | A | 985 | A | Apr 27, 2017 | May 18, 2023 | Common Stock | 985 | 985 | D |
Explanation of responses
- F1This transaction represents the reporting person's annual Director Equity grant of Restricted Stock Units. This award was granted on May 18, 2016, and is scheduled to vest upon the completion of the reporting person's 2016-2017 director term, currently expected to be on April 27, 2017 (the scheduled date of the Issuer's 2017 Annual Shareholder Meeting).
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.