4//SEC Filing
LANE ALAN J 4
Accession 0001312109-22-000160
CIK 0001312109other
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 4:37 PM ET
Size
20.6 KB
Accession
0001312109-22-000160
Insider Transaction Report
Form 4
LANE ALAN J
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Non-Qualified Stock Options
2022-07-21−16,314→ 16,314 totalExercise: $16.09Exp: 2029-11-19→ Class A Common Stock (16,314 underlying) - Sale
Class A Common Stock
2022-07-21$91.83/sh−7,100$652,019→ 9,214 total - Sale
Class A Common Stock
2022-07-21$92.94/sh−9,214$856,305→ 0 total - Exercise/Conversion
Class A Common Stock
2022-07-21$16.09/sh+16,314$262,492→ 16,314 total
Holdings
- 142,832(indirect: By Trust)
Class A Common Stock
- 88,268(indirect: By IRA)
Class A Common Stock
- 5,546
Restricted Stock Units
→ Class A Common Stock (5,546 underlying) - 13,810
Non-Qualified Stock Options
Exercise: $110.84Exp: 2032-02-22→ Class A Common Stock (13,810 underlying) - 5,977
Restricted Stock Units
→ Class A Common Stock (5,977 underlying) - 7,838
Non-Qualified Stock Options
Exercise: $127.56Exp: 2031-02-26→ Class A Common Stock (7,838 underlying) - 2,169
Restricted Stock Units
→ Class A Common Stock (2,169 underlying) - 1,757.842(indirect: By 401(k))
Class A Common Stock
Footnotes (10)
- [F1]This transaction was executed in multiple trades at prices ranging from $91.40 to $92.255. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F10]The option becomes exercisable in three annual installments beginning February 26, 2022.
- [F2]This transaction was executed in multiple trades at prices ranging from $92.33 to $93.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]The option becomes exercisable in four equal annual installments beginning November 18, 2020.
- [F4]Restricted stock units convert into Class A Common Stock on a one-for-one basis.
- [F5]The restricted stock units vest in three equal annual installments beginning on February 26, 2022. 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.
- [F6]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F7]The restricted stock units vest in three equal annual installments beginning on February 22, 2023. 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.
- [F8]The option becomes exercisable in three annual installments beginning February 22, 2023.
- [F9]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.
Documents
Issuer
Silvergate Capital Corp
CIK 0001312109
Entity typeother
Related Parties
1- filerCIK 0001232737
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 4:37 PM ET
- Size
- 20.6 KB