SEC Form 4 · accession 0001562180-17-002642
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle Draper
Officer — Chief Marketing Officer
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 6:28 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 | 3,744 | D | |
| Common StockF2 | Aug 5, 2017 | M | 805 | — | A | 4,549 | D | |
| Common StockF3 | Aug 5, 2017 | F | 303 | $182.85 | D | 4,246 | D | |
| Common Stock | holding | — | — | — | 109 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F4 | $0.00 | Aug 5, 2017 | M | 805 | D | — | Aug 5, 2020 | Common Stock | 805 | 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).
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F3Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- F425%/4yr beginning on 05-Aug-2014.