SEC Form 4 · accession 0001562180-17-000471
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Descheneaux
Officer — Chief Financial Officer
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 7:06 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 | Jan 31, 2017 | M | 1,975 | $71.11 | A | 18,181 | D | |
| Common Stock | Jan 31, 2017 | M | 6,000 | $60.37 | A | 24,181 | D | |
| Common Stock | Jan 31, 2017 | M | 3,400 | $64.37 | A | 27,581 | D | |
| Common StockF1 | Jan 31, 2017 | S | 1,975 | $170.5434 | D | 25,606 | D | |
| Common StockF1 | Jan 31, 2017 | S | 3,400 | $170.5434 | D | 22,206 | D | |
| Common StockF1 | Jan 31, 2017 | S | 6,000 | $170.5434 | D | 16,206 | D | |
| Common StockF1 | Jan 31, 2017 | S | 1,808 | $170.5434 | D | 14,398 | D | |
| Common Stock | holding | — | — | — | 302 | 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 OptionF2 | $71.11 | Jan 31, 2017 | M | 1,975 | D | — | Apr 30, 2020 | Common Stock | 1,975 | 13,325 | D |
| Stock OptionF3 | $64.37 | Jan 31, 2017 | M | 3,400 | D | — | May 1, 2019 | Common Stock | 3,400 | 8,000 | D |
| Stock OptionF4 | $60.37 | Jan 31, 2017 | M | 6,000 | D | — | Apr 27, 2018 | Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $170.5 to $170.77; the price reported above reflects the weighted average sale price.
- F225%/4yr beginning on 30-Apr-2014.
- F325%/4yr beginning on 01-May-2013.
- F425%/4yr beginning on 27-Apr-2012.