SEC Form 4 · accession 0001562180-17-002604
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Descheneaux
Officer — President, Silicon Valley Bank
Period of report
Aug 2, 2017
Accepted (ET)
Aug 4, 2017 · 5:56 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 StockF1 | Jun 30, 2017 | A | 145 | $146.302 | A | 14,064 | D | |
| Common Stock | Aug 2, 2017 | M | 2,000 | $71.11 | A | 16,064 | D | |
| Common Stock | Aug 2, 2017 | M | 1,500 | $64.37 | A | 17,564 | D | |
| Common StockF2 | Aug 2, 2017 | S | 3,500 | $182.0734 | D | 14,064 | D | |
| Common StockF3 | Aug 2, 2017 | G | 200 | $0.00 | D | 13,864 | 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 OptionF4 | $71.11 | Aug 2, 2017 | M | 2,000 | D | — | Apr 30, 2020 | Common Stock | 2,000 | 11,325 | D |
| Stock OptionF5 | $64.37 | Aug 2, 2017 | M | 1,500 | D | — | May 1, 2019 | Common Stock | 1,500 | 1,500 | 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).
- F2This transaction was executed in multiple trades at prices ranging from $181.97 to $182.215; the price reported above reflects the weighted average sale price.
- F3Charitable donation of 200 shares held by reporting person.
- F425%/4yr beginning on 30-Apr-2014.
- F525%/4yr beginning on 01-May-2013.