Filing Details
- Accession Number:
- 0001209191-16-117636
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-05-04 21:15:56
- Reporting Period:
- 2016-04-30
- Filing Date:
- 2016-05-04
- Accepted Time:
- 2016-05-04 21:15:56
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 719739 | Svb Financial Group | SIVB | State Commercial Banks (6022) | 942856336 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1518729 | Bruce Wallace | 3005 Tasman Drive Santa Clara CA 95054 | Chief Digital Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-04-30 | 650 | $0.00 | 10,691 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-05-01 | 400 | $0.00 | 11,091 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-05-01 | 293 | $0.00 | 11,384 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-05-02 | 2,200 | $64.37 | 13,584 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-05-02 | 1,200 | $71.11 | 14,784 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-05-02 | 3,400 | $105.18 | 11,384 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2016-05-02 | 507 | $105.18 | 10,877 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit | Disposition | 2016-05-01 | 400 | $0.00 | 400 | $0.00 |
| Common Stock | Stock Option | Disposition | 2016-05-02 | 2,200 | $64.37 | 2,200 | $64.37 |
| Common Stock | Stock Option | Disposition | 2016-05-02 | 1,200 | $71.11 | 1,200 | $71.11 |
| Common Stock | Restricted Stock Unit | Disposition | 2016-04-30 | 650 | $0.00 | 650 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2016-05-01 | 293 | $0.00 | 293 | $0.00 |
| Common Stock | Performance Restricted Stock Unit | Acquisiton | 2016-02-16 | 4,837 | $0.00 | 4,837 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2016-05-02 | 1,415 | $0.00 | 1,415 | $0.00 |
| Common Stock | Stock Option | Acquisiton | 2016-05-02 | 4,829 | $105.18 | 4,829 | $105.18 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-05-01 | 2019-05-01 | No | 4 | M | Direct |
| 2,300 | 2013-05-01 | 2019-05-01 | No | 4 | M | Direct |
| 3,500 | 2014-04-30 | 2020-04-30 | No | 4 | M | Direct |
| 650 | 2014-04-30 | 2020-04-30 | No | 4 | M | Direct |
| 878 | 2016-05-01 | 2022-05-01 | No | 4 | M | Direct |
| 4,837 | 2019-01-30 | 2023-02-16 | No | 5 | A | Direct |
| 1,415 | 2017-05-02 | 2023-05-02 | No | 4 | A | Direct |
| 4,829 | 2017-05-02 | 2023-05-02 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 304 | Indirect | By 401(k)/ESOP |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- The 3,400 shares were sold through separate trades, with the sale prices ranging from $105.00 to $105.5011 and at a weighted average sale price of $105.1795.
- Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- Performance-based restricted stock units (PRSUs) are subject to both performance-based and time-based vesting. The extent to which the PRSU awards are earned will be based on the Company's performance for calendar years 2016-2018 and other considerations, as determined pursuant to the discretion of the Compensation Committee and the 162m Committee. The reported number of shares is the maximum number of shares that may be earned by the reporting person, based on the achievement of 150% of target performance. To the extent deemed earned at the end of the three-year performance period, these PRSUs will be subject to additional time-based vesting and will vest on January 30, 2019.
- Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- Restricted stock units are subject to annual vesting in equal installments on May 2, 2017, May 2, 2018, May 2, 2019, and May 2, 2020.
- The grant of stock options is subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates. The exercise price of the stock options is determined based on the closing price of SVB's common stock on the date of grant.
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