SEC Form 4 · accession 0001562180-16-003288
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Leone
Officer — Chief Information Officer
Period of report
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 3:56 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 | Jun 30, 2016 | A | 214 | $95.16 | A | 448 | D | |
| Common StockF2 | Oct 27, 2016 | M | 358 | — | A | 806 | D | |
| Common StockF3 | Oct 27, 2016 | F | 135 | $125.29 | D | 671 | D | |
| Common StockF4 | holding | — | — | — | 43 | 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 UnitF2,F5 | — | Oct 27, 2016 | M | 358 | D | — | Oct 27, 2022 | Common Stock | 358 | 1,072 | D |
Explanation of responses
- F1These shares were acquired under the Issuer's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- 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 information in this report is based on 401(k)/ESOP Plan statement dated as of September 30, 2016.
- F5Restricted stock units are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates.