SEC Form 4 · accession 0001562180-18-002446
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 8, 2018
Accepted (ET)
May 10, 2018 · 4:17 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 Stock | May 8, 2018 | M | 2,000 | $105.18 | A | 20,684 | D | |
| Common Stock | May 8, 2018 | S | 2,000 | $310.00 | D | 18,684 | D | |
| Common Stock | May 8, 2018 | S | 750 | $306.51 | D | 17,934 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $105.18 | May 8, 2018 | M | 2,000 | D | — | May 2, 2023 | Common Stock | 2,000 | 7,658 | D |
Explanation of responses
- F125%/4yr beginning on 02-May-2017.
Remarks
These transactions reported were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective February 12, 2018.