HARDIN TIMOTHY M 4

4 · SILICON VALLEY BANCSHARES · Filed Apr 28, 2005

Form 4

Period: 2005-04-26

COO - Merchant BankOther

Transactions

Award
Incentive Stock Option (right to buy)
[F1]
2005-04-26+2,159→ 2,159 total
Exercise: $46.31From: 2006-04-26Exp: 2012-04-26→ Common Stock (2,159 underlying)
Award
Non-Qualified Stock Option (right to buy)
[F1]
2005-04-26+7,841→ 7,841 total
Exercise: $46.31From: 2006-04-26Exp: 2012-04-26→ Common Stock (7,841 underlying)
Award
Restricted Stock Unit
[F2]
2005-04-26+5,250→ 5,250 total
Exercise: $0.00From: 2006-12-01Exp: 2007-12-01→ Common Stock (5,250 underlying)

Footnotes (2)

[F1]Stock options were granted to the reporting person. Vesting will occur annually from the date of grant over 4 years with 25% vesting each year.
[F2]The reporting person was granted restricted stock units (RSUs) which are subject to performance-based vesting. The RSUs are effective as of 4/26/05, and will vest on 12/1/06, based on the level of return on average equity (ROE) achieved by the Company at December 31, 2005 as follows: (i) if less than 90% of target, nonewill vest; (ii) if 90% but less than 100% of target 1,750 will vest; (iii) if 100% but less than 110% of target 3,500 will vest; and (iv) if 110% or greater of target 5,250 will vest. Vesting is subject to adjustment by the Compensation Committee as approved to take into account extraordinary items that may impact the calculation of ROE.

Signature

By: Lisa Bertolet as attorney in fact For: Timothy M. Hardin|2005-04-28

Documents

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