Filing Details
- Accession Number:
- 0001562180-18-002250
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-05-03 21:22:33
- Reporting Period:
- 2018-05-01
- Accepted Time:
- 2018-05-03 21:22:33
- 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 |
|---|---|---|---|---|---|---|---|
| 1421898 | Christopher Edmonds-Waters | 3005 Tasman Drive Santa Clara CA 95054 | Head Of Human Resources | No | No | 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 | 2018-05-01 | 973 | $107.98 | 8,295 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-05-01 | 805 | $105.18 | 9,100 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-05-01 | 195 | $0.00 | 9,295 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-05-01 | 805 | $306.26 | 8,490 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-05-01 | 99 | $305.46 | 8,391 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-05-01 | 973 | $306.68 | 7,418 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-05-01 | 1,885 | $307.27 | 5,533 | No | 4 | S | 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 | S | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Restricted Stock Unit | Acquisiton | 2018-05-01 | 1,623 | $0.00 | 1,623 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2018-05-01 | 195 | $0.00 | 195 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2018-05-01 | 541 | $0.00 | 541 | $0.00 |
| Common Stock | Stock Option | Acquisiton | 2018-05-01 | 1,696 | $0.00 | 1,696 | $305.46 |
| Common Stock | Stock Option | Disposition | 2018-05-01 | 973 | $0.00 | 973 | $107.98 |
| Common Stock | Stock Option | Disposition | 2018-05-01 | 805 | $0.00 | 805 | $105.18 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,623 | 2021-01-29 | 2025-05-01 | No | 4 | A | Direct |
| 195 | 2022-05-01 | No | 4 | M | Direct | |
| 541 | 2025-05-01 | No | 4 | A | Direct | |
| 1,696 | 2025-05-01 | No | 4 | A | Direct | |
| 0 | 2021-04-29 | No | 4 | M | Direct | |
| 2,414 | 2023-05-02 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 2,851 | Indirect | By 401(k)/ESOP |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- 25%/4yr beginning on 02-May-2017.
- Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- This transaction was executed in multiple trades at prices ranging from $306.61 USD to $306.76 USD; the price reported above reflects the weighted average sale price.
- Performance-based restricted stock units (PRSUs) are subject to both performance-based and time-based vesting. Subject to the approval of the Compensation Committee (or Board), the amount of RSUs that will be deemed earned will be based: (i) 50% on the Company's achievement of total shareholder return for calendar years 2018, 2019 and 2020, as compared against the Company's designated Peer Group, subject to the discretion of the Compensation Committee (or Board); and (ii) 50% on Compensation Committee (or Board) discretionary assessment of management execution of strategic objectives relating to the Company's Transformation Office and other initiatives for calendar years 2018, 2019, and 2020. 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 29, 2021.
- Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- 25%/4yr beginning on 01-May-2016.
- Restricted stock units are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates.
- Stock options are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates.
- 25%/4yr beginning on 29-Apr-2015.
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