SEC Form 4 · accession 0001562180-18-004191
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Izurieta
Officer — Chief Risk Officer
Period of report
Oct 4, 2018
Accepted (ET)
Oct 9, 2018 · 8:39 am 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 | holding | — | — | — | 1,414 | D | ||
| Common Stock | holding | — | — | — | 18 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | Oct 4, 2018 | A | 1 | A | — | — | Common Stock | 1 | 83 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash, at the election of the reporting person, in 5 annual installments commencing upon the reporting person's separation from service from SVB, in accordance with the terms of the SVB Financial Group Deferred Compensation Plan.