0001562180-18-002246.txt : 20180503
0001562180-18-002246.hdr.sgml : 20180503
20180503211112
ACCESSION NUMBER: 0001562180-18-002246
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180501
FILED AS OF DATE: 20180503
DATE AS OF CHANGE: 20180503
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: 18805831
MAIL ADDRESS:
STREET 1: 365 HAWTHORNE AVENUE
CITY: PALO ALTO
STATE: CA
ZIP: 94301
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
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2018-05-01
false
0000719739
SVB FINANCIAL GROUP
SIVB
0001601636
Zuckert Michael S
3005 TASMAN DRIVE
SANTA CLARA
CA
95054
false
true
false
false
General Counsel
Common Stock
2018-05-01
4
M
false
171.00
A
2550.00
D
Common Stock
2018-05-01
4
F
false
85.00
305.46
D
2465.00
D
Common Stock
91.00
I
By 401(k)/ESOP
Performance Restricted Stock Unit
0.00
2018-05-01
4
A
false
1771.00
A
2021-01-29
2025-05-01
Common Stock
1771.00
1771.00
D
Restricted Stock Unit
0.00
2018-05-01
4
M
false
171.00
D
2022-05-01
Common Stock
171.00
170.00
D
Restricted Stock Unit
0.00
2018-05-01
4
A
false
590.00
A
2025-05-01
Common Stock
590.00
590.00
D
Stock Option
305.46
2018-05-01
4
A
false
1851.00
0.00
A
2025-05-01
Common Stock
1851.00
1851.00
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, 2018.
Performance-based restricted stock units (PRSUs) are subject to both performance-based and time-based vesting. Subject to the approval of the Compensation Committee (or Board), the amount of RSUs that will be deemed earned will be based: (i) 50% on the Company's achievement of total shareholder return for calendar years 2018, 2019 and 2020, as compared against the Company's designated Peer Group, subject to the discretion of the Compensation Committee (or Board); and (ii) 50% on Compensation Committee (or Board) discretionary assessment of management execution of strategic objectives relating to the Company's Transformation Office and other initiatives for calendar years 2018, 2019, and 2020. 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 29, 2021.
Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
25%/4yr beginning on 01-May-2016.
Restricted stock units are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates.
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.
Denise West, Attorney-in-Fact for Michael Zuckert
2018-05-03