SEC Form 4 · accession 0001562180-17-001978
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
May 15, 2017
Accepted (ET)
May 17, 2017 · 6:37 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 | May 15, 2017 | M | 2,500 | $64.37 | A | 18,419 | D | |
| Common Stock | May 15, 2017 | M | 2,500 | $64.37 | A | 20,919 | D | |
| Common StockF1 | May 15, 2017 | S | 2,500 | $184.3818 | D | 18,419 | D | |
| Common StockF1 | May 15, 2017 | S | 2,500 | $184.3818 | D | 15,919 | D | |
| Common StockF2 | May 15, 2017 | S | 2,000 | $184.3832 | D | 13,919 | D | |
| Common Stock | holding | — | — | — | 313 | 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 | $64.37 | May 15, 2017 | M | 2,500 | D | — | May 1, 2019 | Common Stock | 2,500 | 5,500 | D |
| Stock OptionF3 | $64.37 | May 15, 2017 | M | 2,500 | D | — | May 1, 2019 | Common Stock | 2,500 | 3,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $183.825 to $184.69; the price reported above reflects the weighted average sale price.
- F2This transaction was executed in multiple trades at prices ranging from $184.08 to $184.695; the price reported above reflects the weighted average sale price.
- F325%/4yr beginning on 01-May-2013.