SEC Form 4 · accession 0001562180-17-002223
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Beck
Officer — Chief Financial Officer
Period of report
Jun 5, 2017
Accepted (ET)
Jun 7, 2017 · 1:11 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 | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Jun 5, 2017 | A | 1,685 | A | — | Jun 5, 2024 | Common Stock | 1,685 | 1,685 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Jun 5, 2017 | A | 2,738 | A | — | Jun 5, 2024 | Common Stock | 2,738 | 4,423 | D |
| Stock OptionF3 | $169.49 | Jun 5, 2017 | A | 2,939 | A | — | Jun 5, 2024 | Common Stock | 2,939 | 2,939 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F2Restricted 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.
- F3The grant of stock 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. The exercise price of the stock options is determined based on the closing price of SVB's common stock on the date of grant.