0001209191-15-039122.txt : 20150505
0001209191-15-039122.hdr.sgml : 20150505
20150505203954
ACCESSION NUMBER: 0001209191-15-039122
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150501
FILED AS OF DATE: 20150505
DATE AS OF CHANGE: 20150505
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SVB FINANCIAL GROUP
CENTRAL INDEX KEY: 0000719739
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 942856336
STATE OF INCORPORATION: DE
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: Cox Philip C
CENTRAL INDEX KEY: 0001575523
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15637
FILM NUMBER: 15834844
MAIL ADDRESS:
STREET 1: ORCHARD HOUSE 40 BARRINGTON ROAD
STREET 2: FOXTON CAMBRIDGE
CITY: LONDON
STATE: X0
ZIP: CB22 6SL
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-05-01
0
0000719739
SVB FINANCIAL GROUP
SIVB
0001575523
Cox Philip C
3003 TASMAN DRIVE
SANTA CLARA
CA
95054
0
1
0
0
Head EMEA India & President,UK
Common Stock
2015-05-01
4
M
0
407
A
4254
D
Common Stock
2015-05-01
4
F
0
184
129.81
D
4070
D
Common Stock
2015-05-01
4
M
0
812
64.37
A
4882
D
Common Stock
2015-05-01
4
F
0
593
133.1018
D
4289
D
Stock Option
64.37
2015-05-01
4
M
0
812
64.37
D
2013-05-01
2019-05-01
Common Stock
812
812
D
Stock Option
129.81
2015-05-01
4
A
0
1422
129.81
A
2016-05-01
2022-05-01
Common Stock
1422
1422
D
Stock Option
129.81
2015-05-01
4
A
0
1087
129.81
A
2016-05-01
2022-05-01
Common Stock
1087
1087
D
Restricted Stock Unit
0.00
2015-05-01
4
M
0
407
D
2013-05-01
2019-05-01
Common Stock
407
407
D
Performance Restricted Stock Unit
0.00
2015-03-30
5
A
0
E
2550
A
2018-01-30
2022-03-30
Common Stock
2550
2550
D
Restricted Stock Unit
0.00
2015-05-01
4
A
0
830
A
2016-05-01
2022-05-01
Common Stock
830
830
D
Previously reported restricted stock units vested on 5/1/2015.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
The 593 shares were sold through separate trades, with the sale prices ranging from $133.05 to $133.11 and at a weighted average sale price of $133.1018.
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 2015-2017 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, 2018.
Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
Restricted stock units are subject to annual vesting in equal installments on May 1, 2016, May 1, 2017, May 1, 2018, and May 1, 2019.
Denise West, Attorney-in-Fact for Philip Cox
2015-05-05