Simmons William Paul 4
4 · Silvergate Capital Corp · Filed Nov 21, 2019
Insider Transaction Report
Form 4
Simmons William Paul
Executive VP
Transactions
- Award
Restricted Stock Units
2019-11-19+1,957→ 1,957 total→ Class A Common Stock (1,957 underlying) - Award
Non-Qualified Stock Options
2019-11-19+5,758→ 5,758 totalExercise: $16.09Exp: 2029-11-19→ Class A Common Stock (5,758 underlying)
Holdings
- 25,000
Non-Qualified Stock Options
Exercise: $12.00From: 2018-06-22Exp: 2028-06-22→ Class A Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F2]The restricted stock units vest in four equal annual installments beginning on November 19, 2020. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
- [F3]The option becomes exercisable in four equal annual installments beginning November 19, 2020.