0001562180-17-001802.txt : 20170504 0001562180-17-001802.hdr.sgml : 20170504 20170504210304 ACCESSION NUMBER: 0001562180-17-001802 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170502 FILED AS OF DATE: 20170504 DATE AS OF CHANGE: 20170504 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: Leone Roger CENTRAL INDEX KEY: 0001654140 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15637 FILM NUMBER: 17815931 MAIL ADDRESS: STREET 1: 4052 RONDA ROAD CITY: PEBBLE BEACH STATE: CA ZIP: 93953 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2017-05-02 false 0000719739 SVB FINANCIAL GROUP SIVB 0001654140 Leone Roger 3005 TASMAN DRIVE SANTA CLARA CA 95054 false true false false Chief Information Officer Common Stock 2017-05-02 4 M false 177.00 A 922.00 D Common Stock 2017-05-02 4 F false 67.00 178.39 D 855.00 D Common Stock 53.00 I By 401(k)/ESOP Performance Restricted Stock Unit 0.00 2017-02-21 5 A false E 1474.00 A 2020-01-30 2024-02-21 Common Stock 1474.00 1474.00 D Restricted Stock Unit 0.00 2017-05-02 4 M false 177.00 D 2023-05-02 Common Stock 177.00 530.00 D Restricted Stock Unit 0.00 2017-05-02 4 A false 480.00 A 2024-05-02 Common Stock 480.00 480.00 D Stock Option 178.39 2017-05-02 4 A false 1547.00 178.39 A 2024-05-02 Common Stock 1547.00 1547.00 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, 2017. 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 2017-2019 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, 2020. Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock. 25%/4yr beginning on 02-May-2017. Restricted stock units are subject to annual vesting in equal installments on May 2, 2018, May 2, 2019, May 2, 2020, and May 2, 2021. The grant of stock options are 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 Roger Leone 2017-05-04