4//SEC Filing
SVB FINANCIAL GROUP 4
Accession 0001562180-17-001802
CIK 0000719739operating
Filed
May 3, 8:00 PM ET
Accepted
May 4, 9:03 PM ET
Size
17.4 KB
Accession
0001562180-17-001802
Insider Transaction Report
Form 4
Leone Roger
Chief Information Officer
Transactions
- Exercise/Conversion
Common Stock
2017-05-02+177→ 922 total - Tax Payment
Common Stock
2017-05-02$178.39/sh−67$11,952→ 855 total - Award
Performance Restricted Stock Unit
2017-02-21+1,474→ 1,474 totalExercise: $0.00From: 2020-01-30Exp: 2024-02-21→ Common Stock (1,474 underlying) - Award
Restricted Stock Unit
2017-05-02+480→ 480 totalExercise: $0.00Exp: 2024-05-02→ Common Stock (480 underlying) - Award
Stock Option
2017-05-02$178.39/sh+1,547$275,969→ 1,547 totalExercise: $178.39Exp: 2024-05-02→ Common Stock (1,547 underlying) - Exercise/Conversion
Restricted Stock Unit
2017-05-02−177→ 530 totalExercise: $0.00Exp: 2023-05-02→ Common Stock (177 underlying)
Holdings
- 53(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- [F2]Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- [F3]The information in this report is based on 401(k)/ESOP Plan statement dated as of March 31, 2017.
- [F4]Performance-based restricted stock units (PRSUs) are subject to both performance-based and time-based vesting. The extent to which the PRSU awards are earned will be based on the Company's performance for calendar years 2017-2019 and other considerations, as determined pursuant to the discretion of the Compensation Committee and the 162m Committee. The reported number of shares is the maximum number of shares that may be earned by the reporting person, based on the achievement of 150% of target performance. To the extent deemed earned at the end of the three-year performance period, these PRSUs will be subject to additional time-based vesting and will vest on January 30, 2020.
- [F5]Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- [F6]25%/4yr beginning on 02-May-2017.
- [F7]Restricted stock units are subject to annual vesting in equal installments on May 2, 2018, May 2, 2019, May 2, 2020, and May 2, 2021.
- [F8]The grant of stock options are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates. The exercise price of the stock options is determined based on the closing price of SVB's common stock on the date of grant.
Documents
Issuer
SVB FINANCIAL GROUP
CIK 0000719739
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000719739
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 9:03 PM ET
- Size
- 17.4 KB