4//SEC Filing
Ward Pierce Lynda 4
Accession 0001245313-06-000045
CIK 0000719739other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 4:05 PM ET
Size
10.5 KB
Accession
0001245313-06-000045
Insider Transaction Report
Form 4
Ward Pierce Lynda
Head of HR
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2006-05-02+5,625→ 5,625 totalExercise: $50.38From: 2007-05-02Exp: 2013-05-02→ Common Stock (5,625 underlying) - Award
Incentive Stock Option (right to buy)
2006-05-02+1,875→ 1,875 totalExercise: $50.38From: 2007-05-02Exp: 2013-05-02→ Common Stock (1,875 underlying) - Award
Restricted Stock Unit
2006-05-02+4,875→ 4,875 totalExercise: $0.00From: 2007-12-01Exp: 2007-12-31→ Common Stock (4,875 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 5/2/06, and will vest on 12/1/07, based on the level of return on average equity (ROE) achieved by the Company at December 31, 2006 as follows: (i) if less than 90% of target, none will vest; (ii) if 90% but less than 100% of target 1,625 will vest; (iii) if 100% but less than 110% of target 3,250 will vest; and (iv) if 110% or greater of target 4,875 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.
Documents
Issuer
SVB FINANCIAL GROUP
CIK 0000719739
Entity typeother
Related Parties
1- filerCIK 0001306575
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 4:05 PM ET
- Size
- 10.5 KB