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