SEC Form 4 · accession 0001562180-18-004402
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
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 2:44 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 Stock | Nov 1, 2018 | M | 1,000 | $107.98 | A | 18,289 | D | |
| Common Stock | Nov 1, 2018 | S | 1,000 | $239.00 | D | 17,289 | D | |
| Common Stock | Nov 1, 2018 | S | 750 | $240.6975 | D | 16,539 | D | |
| Common StockF1 | holding | — | — | — | 318 | 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 OptionF2 | $107.98 | Nov 1, 2018 | M | 1,000 | D | — | Apr 29, 2021 | Common Stock | 1,000 | 6,711 | D |
Explanation of responses
- F1The information in this report is based on 401(k)/ESOP Plan statement dated as of September 30, 2018.
- F225%/4yr beginning on 29-Apr-2015.
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.