0001209191-16-117585.txt : 20160504
0001209191-16-117585.hdr.sgml : 20160504
20160504194151
ACCESSION NUMBER: 0001209191-16-117585
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160501
FILED AS OF DATE: 20160504
DATE AS OF CHANGE: 20160504
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: Zuckert Michael S
CENTRAL INDEX KEY: 0001601636
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15637
FILM NUMBER: 161621188
MAIL ADDRESS:
STREET 1: 365 HAWTHORNE AVENUE
CITY: PALO ALTO
STATE: CA
ZIP: 94301
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-05-01
0
0000719739
SVB FINANCIAL GROUP
SIVB
0001601636
Zuckert Michael S
3005 TASMAN DRIVE
SANTA CLARA
CA
95054
0
1
0
0
General Counsel
Common Stock
2016-05-01
4
M
0
171
A
623
D
Common Stock
2016-05-02
4
F
0
65
105.18
D
558
D
Common Stock
74
I
By 401(k)/ESOP
Restricted Stock Unit
0.00
2016-05-01
4
M
0
171
D
2016-05-01
2022-05-01
Common Stock
171
512
D
Performance Restricted Stock Unit
0.00
2016-02-16
5
A
0
E
3225
A
2019-01-30
2023-02-16
Common Stock
3225
3225
D
Restricted Stock Unit
0.00
2016-05-02
4
A
0
943
A
2017-05-02
2023-05-02
Common Stock
943
943
D
Stock Option
105.18
2016-05-02
4
A
0
3219
105.18
A
2017-05-02
2023-05-02
Common Stock
3219
3219
D
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 information in this report is based on 401(k)/ESOP Plan statement dated as of March 31, 2016.
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 2016-2018 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, 2019.
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 2, 2017, May 2, 2018, May 2, 2019, and May 2, 2020.
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 SVB's common stock on the date of grant.
Denise West, Attorney-in-Fact for Michael Zuckert
2016-05-04