SEC Form 4 · accession 0001562180-18-002297
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
May 2, 2018
Accepted (ET)
May 4, 2018 · 6:06 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 | May 2, 2018 | M | 515 | — | A | 18,529 | D | |
| Common StockF2 | May 2, 2018 | M | 7,325 | $71.11 | A | 25,854 | D | |
| Common StockF2 | May 2, 2018 | M | 2,000 | $107.98 | A | 27,854 | D | |
| Common StockF2 | May 2, 2018 | M | 2,000 | $129.81 | A | 29,854 | D | |
| Common StockF1 | May 2, 2018 | M | 708 | — | A | 30,562 | D | |
| Common StockF3 | May 2, 2018 | F | 320 | $306.01 | D | 30,242 | D | |
| Common StockF3 | May 2, 2018 | F | 233 | $306.01 | D | 30,009 | D | |
| Common StockF2,F4 | May 2, 2018 | S | 4,100 | $300.3744 | D | 25,909 | D | |
| Common StockF2,F5 | May 2, 2018 | S | 2,000 | $301.3291 | D | 23,909 | D | |
| Common StockF2,F6 | May 2, 2018 | S | 1,100 | $302.3881 | D | 22,809 | D | |
| Common StockF2,F7 | May 2, 2018 | S | 900 | $303.5888 | D | 21,909 | D | |
| Common StockF2,F8 | May 2, 2018 | S | 3,200 | $300.89 | D | 18,709 | D | |
| Common StockF2 | May 2, 2018 | S | 25 | $303.89 | D | 18,684 | D | |
| Common Stock | holding | — | — | — | 320 | 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,F9 | $0.00 | May 2, 2018 | M | 708 | D | — | May 2, 2023 | Common Stock | 708 | 1,414 | D |
| Restricted Stock UnitF1,F10 | $0.00 | May 2, 2018 | M | 515 | D | — | May 2, 2024 | Common Stock | 515 | 1,545 | D |
| Stock OptionF2,F11 | $129.81 | May 2, 2018 | M | 2,000 | D | — | May 1, 2022 | Common Stock | 2,000 | 4,495 | D |
| Stock OptionF2,F12 | $107.98 | May 2, 2018 | M | 2,000 | D | — | Apr 29, 2021 | Common Stock | 2,000 | 8,711 | D |
| Stock OptionF2,F13 | $71.11 | May 2, 2018 | M | 7,325 | D | — | Apr 30, 2020 | Common Stock | 7,325 | 4,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F1025%/4yr beginning on 02-May-2018.
- F1125%/4yr beginning on 01-May-2016.
- F1225%/4yr beginning on 29-Apr-2015.
- F1325%/4yr beginning on 30-Apr-2014.
- F2These transactions reported were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective February 12, 2018.
- F3Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- F4This transaction was executed in multiple trades at prices ranging from $299.81 to $300.79; the price reported above reflects the weighted average sale price.
- F5This transaction was executed in multiple trades at prices ranging from $301.08 to $301.76; the price reported above reflects the weighted average sale price.
- F6This transaction was executed in multiple trades at prices ranging from $302.16 to $302.82; the price reported above reflects the weighted average sale price.
- F7This transaction was executed in multiple trades at prices ranging from $303.17 to $303.97; the price reported above reflects the weighted average sale price.
- F8This transaction was executed in multiple trades at prices ranging from $300.82 to $301.00; the price reported above reflects the weighted average sale price.
- F925%/4yr beginning on 02-May-2017.