SVB FINANCIAL GROUP 4
4 · SVB FINANCIAL GROUP · Filed May 5, 2015
Insider Transaction Report
Form 4
VERISSIMO MARC J
Chief Strategy Officer
Transactions
- Exercise/Conversion
Common Stock
2015-05-01+375→ 19,724 total - Tax Payment
Common Stock
2015-05-01$129.81/sh−141$18,303→ 19,583 total - Award
Restricted Stock Unit
2015-05-01+976→ 976 totalExercise: $0.00From: 2016-05-01Exp: 2022-05-01→ Common Stock (976 underlying) - Exercise/Conversion
Restricted Stock Unit
2015-05-01−375→ 375 totalExercise: $0.00From: 2013-05-01Exp: 2019-05-01→ Common Stock (375 underlying) - Award
Stock Option
2015-05-01$129.81/sh+2,952$383,199→ 2,952 totalExercise: $129.81From: 2016-05-01Exp: 2022-05-01→ Common Stock (2,952 underlying) - Award
Performance Restricted Stock Unit
2015-03-30+3,000→ 3,000 totalExercise: $0.00From: 2018-01-30Exp: 2022-03-30→ Common Stock (3,000 underlying)
Holdings
- 11,733(indirect: By 401(k))
Common Stock
Footnotes (7)
- [F1]Previously reported restricted stock units vested on 5/1/2015.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- [F3]Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- [F4]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 2015-2017 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, 2018.
- [F5]Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- [F6]Restricted stock units are subject to annual vesting in equal installments on May 1, 2016, May 1, 2017, May 1, 2018, and May 1, 2019.
- [F7]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 SIVB common stock on the date of grant.