SEC Form 4 · accession 0001562180-16-003521
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Wallace
Officer — Chief Digital Officer
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 12:08 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 Stock | Nov 14, 2016 | M | 1,150 | $71.11 | A | 12,027 | D | |
| Common Stock | Nov 14, 2016 | M | 1,461 | $107.98 | A | 13,488 | D | |
| Common StockF1 | Nov 14, 2016 | S | 2,611 | $151.859 | D | 10,877 | D | |
| Common StockF2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $107.98 | Nov 14, 2016 | M | 1,461 | D | — | Apr 29, 2021 | Common Stock | 1,461 | 2,920 | D |
| Stock OptionF3 | $71.11 | Nov 14, 2016 | M | 1,150 | D | — | Apr 30, 2020 | Common Stock | 1,150 | 2,350 | D |
Explanation of responses
- F1The 2,611 shares were sold through separate trades, with the sale prices ranging from $151.76 to $152.01 and at a weighted average sale price of $151.859.
- F2The information in this report is based on 401(k)/ESOP Plan statement dated as of September 30, 2016.
- F3Stock options are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates.