SEC Form 4 · accession 0001562180-17-003577
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L Dreyer
Officer — Chief Operations Officer
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 7:33 pm EST
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 | Nov 12, 2017 | M | 2,016 | — | A | 3,747 | D | |
| Common StockF2 | Nov 12, 2017 | F | 787 | $212.26 | D | 2,960 | D | |
| Common Stock | holding | — | — | — | 19 | 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 UnitF1,F3 | $0.00 | Nov 12, 2017 | M | 2,016 | D | — | Nov 12, 2022 | Common Stock | 2,016 | 4,032 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F2Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- F3Vests 2,016 share(s) on 12-Nov-2016, 2,016 share(s) on 12-Nov-2017, 2,016 share(s) on 12-Nov-2018, 2,016 share(s) on 12-Nov-2019.