SEC Form 4 · accession 0001562180-17-000387
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joan Parsons
Officer — Head of Specialty Banking
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 7:01 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 | Jun 30, 2016 | A | 214 | $95.16 | A | 22,104 | D | |
| Common StockF2,F3 | Jan 25, 2017 | A | 2,467 | — | A | 24,571 | D | |
| Common StockF4 | holding | — | — | — | 5,860 | 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 UnitF2,F3 | $0.00 | Jan 25, 2017 | M | 2,467 | D | Jan 30, 2017 | Apr 29, 2021 | Common Stock | 2,467 | 0 | 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).
- F2To the extent deemed earned on January 25, 2017, these awards are scheduled to complete their time-based vesting, and cliff vest on January 30, 2017.
- F3Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F4The information in this report is based on 401(k)/ESOP Plan statement dated as of December 31, 2016.