0001209191-16-117633.txt : 20160504 0001209191-16-117633.hdr.sgml : 20160504 20160504211031 ACCESSION NUMBER: 0001209191-16-117633 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160430 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: Parsons Joan CENTRAL INDEX KEY: 0001518728 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15637 FILM NUMBER: 161621300 MAIL ADDRESS: STREET 1: 3005 TASMAN DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-04-30 0 0000719739 SVB FINANCIAL GROUP SIVB 0001518728 Parsons Joan 3005 TASMAN DRIVE SANTA CLARA CA 95054 0 1 0 0 Head of Specialty Banking Common Stock 2016-04-30 4 M 0 675 A 21626 D Common Stock 2016-05-01 4 M 0 425 A 22051 D Common Stock 2016-05-01 4 M 0 293 A 22344 D Common Stock 2016-05-02 4 F 0 454 105.18 D 21890 D Common Stock 5908 I By 401(k)/ESOP Restricted Stock Unit 0.00 2016-04-30 4 M 0 675 D 2014-04-30 2020-04-30 Common Stock 675 675 D Restricted Stock Unit 0.00 2016-05-01 4 M 0 425 D 2013-05-01 2019-05-01 Common Stock 425 0 D Restricted Stock Unit 0.00 2016-05-01 4 M 0 293 D 2016-05-01 2022-05-01 Common Stock 293 878 D Performance Restricted Stock Unit 0.00 2016-02-16 5 A 0 E 5241 A 2019-01-30 2023-02-16 Common Stock 5241 5241 D Stock Option 105.18 2016-05-02 4 A 0 5231 105.18 A 2017-05-02 2023-05-02 Common Stock 5231 5231 D Restricted Stock Unit 0.00 2016-05-02 4 A 0 1533 A 2017-05-02 2023-05-02 Common Stock 1533 1533 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. 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. 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. 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. Denise West, Attorney-in-fact for Joan Parsons 2016-05-04