SEC Form 4 · accession 0001562180-17-003449
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
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 11:35 am 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 | Nov 1, 2017 | M | 1,500 | $64.37 | A | 15,364 | D | |
| Common StockF1 | Nov 1, 2017 | S | 1,500 | $219.3831 | 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 OptionF2 | $64.37 | Nov 1, 2017 | M | 1,500 | D | — | May 1, 2019 | Common Stock | 1,500 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $219.26 to $219.48; the price reported above reflects the weighted average sale price.
- F225%/4yr beginning on 01-May-2013.