SEC Form 4 · accession 0001562180-18-003497
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
Aug 2, 2018
Accepted (ET)
Aug 6, 2018 · 5:49 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 | Jun 29, 2018 | A | 105 | $201.773 | A | 18,039 | D | |
| Common Stock | Aug 2, 2018 | M | 1,000 | $107.98 | A | 19,039 | D | |
| Common Stock | Aug 2, 2018 | M | 4,000 | $71.11 | A | 23,039 | D | |
| Common Stock | Aug 2, 2018 | S | 4,000 | $310.59 | D | 19,039 | D | |
| Common Stock | Aug 2, 2018 | S | 1,000 | $310.59 | D | 18,039 | D | |
| Common Stock | Aug 2, 2018 | S | 750 | $310.59 | D | 17,289 | D | |
| Common StockF2 | holding | — | — | — | 319 | 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 OptionF3 | $107.98 | Aug 2, 2018 | M | 1,000 | D | — | Apr 29, 2021 | Common Stock | 1,000 | 7,711 | D |
| Stock OptionF4 | $71.11 | Aug 2, 2018 | M | 4,000 | D | — | Apr 30, 2020 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1These shares were acquired under the Issuer's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2The information in this report is based on 401(k)/ESOP Plan statement dated as of June 30, 2018.
- F325%/4yr beginning on 29-Apr-2015.
- F425%/4yr beginning on 30-Apr-2014.
Remarks
All transactions reported in this Form 4 with transaction date August 2, 2018 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective February 12, 2018.