SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Hon Karen

(Last) (First) (Middle)
3005 TASMAN DRIVE

(Street)
SANTA CLARA CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SVB FINANCIAL GROUP [ SIVB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
05/03/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/01/2021 05/03/2021 M 118 A (1) 3,524 D
Common Stock 05/01/2021 05/03/2021 M 154 A (1) 3,678 D
Common Stock 05/01/2021 05/03/2021 M 89 A (1) 3,767 D
Common Stock 05/01/2021 05/03/2021 M 217 A (1) 3,984 D
Common Stock 05/02/2021 05/03/2021 M 123 A (1) 4,107 D
Common Stock 05/01/2021 05/03/2021 F 59(2) D $564.63 4,048 D
Common Stock 05/01/2021 05/03/2021 F 77(2) D $564.63 3,971 D
Common Stock 05/01/2021 05/03/2021 F 45(2) D $564.63 3,926 D
Common Stock 05/01/2021 05/03/2021 F 91(2) D $564.63 3,835 D
Common Stock 05/02/2021 05/03/2021 F 61(2) D $564.63 3,774 D
Common Stock 05/03/2021 S 185(3) D $576.71 3,589 D
Common Stock 05/03/2021 S 236(3) D $576.71 3,353 D
Common Stock 320(4) I By 401(k)/ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 05/01/2021 05/03/2021 M 118 (5) 05/01/2025 Common Stock 118 $0.00 118 D
Restricted Stock Unit (1) 05/01/2021 05/03/2021 M 154 (6) 04/30/2026 Common Stock 154 $0.00 308 D
Restricted Stock Unit (1) 05/01/2021 05/03/2021 M 89 (6) 05/01/2026 Common Stock 89 $0.00 177 D
Restricted Stock Unit (1) 05/01/2021 05/03/2021 M 217 (7) 05/01/2027 Common Stock 217 $0.00 650 D
Restricted Stock Unit (1) 05/02/2021 05/03/2021 M 123 (8) 05/02/2024 Common Stock 123 $0.00 0.00 D
Stock Option $564.63 05/03/2021 A 356 (9) 05/03/2028 Common Stock 356 $0.00 356 D
Restricted Stock Unit (1) 05/03/2021 A 355 (10) 05/03/2028 Common Stock 355 $0.00 355 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
2. Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
3. These transactions reported were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person effective January 27, 2021.
4. The information in this report is based on 401(k)/ESOP Plan statement dated as of March 31, 2021.
5. 25%/4yr beginning on 01-May-2018.
6. 25%/4yr beginning on 01-May-2019.
7. 25%/4yr beginning on 01-May-2020.
8. 25%/4yr beginning on 02-May-2017.
9. 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.
10. 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.
Remarks:
/s/Wei Sun, Attorney-in-Fact for Karen Hon 05/05/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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