0001209191-14-030368.txt : 20140501
0001209191-14-030368.hdr.sgml : 20140501
20140501193238
ACCESSION NUMBER: 0001209191-14-030368
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140429
FILED AS OF DATE: 20140501
DATE AS OF CHANGE: 20140501
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SVB FINANCIAL GROUP
CENTRAL INDEX KEY: 0000719739
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 942856336
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3003 TASMAN DR
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 4086547400
MAIL ADDRESS:
STREET 1: 3003 TASMAN DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
FORMER COMPANY:
FORMER CONFORMED NAME: SILICON VALLEY BANCSHARES
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Parsons Joan
CENTRAL INDEX KEY: 0001518728
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15637
FILM NUMBER: 14806577
MAIL ADDRESS:
STREET 1: 3005 TASMAN DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-04-29
0
0000719739
SVB FINANCIAL GROUP
SIVB
0001518728
Parsons Joan
SVB FINANCIAL GROUP
3005 TASMAN DRIVE
SANTA CLARA
CA
95054
0
1
0
0
Head of Specialty Banking
Common Stock
16197
D
Common Stock
5803
I
By 401(k)/ESOP
Stock Option
107.98
2014-04-29
4
A
0
5842
107.98
A
2015-04-29
2021-04-29
Common Stock
5842
5842
D
Performance Restricted Stock Unit
0.00
2014-04-29
4
A
0
2467
0.00
A
2017-01-30
2021-04-29
Common Stock
2467
2467
D
Restricted Stock Unit
0.00
2014-04-29
4
A
0
967
0.00
A
2015-04-29
2021-04-29
Common Stock
967
967
D
The grant of stock options is 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 SIVB common stock on the date of grant.
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 2014-2016 and other considerations, as determined pursuant to the discretion of the Compensation Committee of the Board of Directors. 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, 2017.
Restricted stock units are subject to annual vesting in equal installments on April 29, 2015, April 29, 2016, April 29, 2017, and April 29, 2018.
Denise West, Attorney-in-fact for Joan Parsons
2014-05-01