SEC Form 4 · accession 0001562180-17-003524
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Clendening
Director
Period of report
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 6:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719739
Table I — non-derivative securities
No Table I lines on this filing.
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 | Nov 6, 2017 | A | 337 | A | Apr 26, 2018 | Nov 6, 2027 | Common Stock | 337 | 337 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F2This transaction represents the reporting person's annual Director Equity grant of Restricted Stock Units. This award was granted on November 6, 2017, and is scheduled to vest upon the completion of the reporting person's 2017-2018 director term, currently expected to be on April 26, 2018 (the scheduled date of the Issuer's 2018 Annual Shareholder Meeting).