4//SEC Filing
MacLennan Mark 4
Accession 0001245313-09-000031
CIK 0000719739other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 8:59 PM ET
Size
8.4 KB
Accession
0001245313-09-000031
Insider Transaction Report
Form 4
MacLennan Mark
President SVB Capital
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2009-05-12$27.84/sh+10,000$278,400→ 10,000 totalExercise: $27.84From: 2010-05-12Exp: 2016-05-12→ Common Stock (10,000 underlying) - Award
Performance Shares
2009-05-12+3,100→ 3,100 totalExercise: $0.00From: 2011-12-31Exp: 2012-01-01→ Common Stock (3,100 underlying)
Footnotes (1)
- [F1]Awards were made as of 5/12/09, consistent with Company's practice of using mix of options and RSUs to provide long-term, performance-based pay. Options vest in equal annual installments over 4 years. RSUs vest on 12/31/11 to the extent certain performance metrics are met or exceeded as determined by the Compensation Committee in its sole discretion. As noted in Company's CD&A in its 2009 Proxy Stmt, American Recovery Reinvestment Act imposed executive compensation restrictions on Capital Purchase Program participants, incl. bonus restrictions. Treasury has not issued guidance on scope of restrictions. Company may determine in the future that it must reduce, revoke, cancel or impose other conditions to comply with ARRA or other laws, in which case it anticipates granting replacement equity awards to the extent permissible under applicable law.
Documents
Issuer
SVB FINANCIAL GROUP
CIK 0000719739
Entity typeother
Related Parties
1- filerCIK 0001307461
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 8:59 PM ET
- Size
- 8.4 KB