Derek J. Eisele - 06 Aug 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Executive Vice President
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
06 Aug 2021
Transactions value $
-$1,465,627
Form type
4
Filing time
10 Aug 2021, 18:00:54 UTC
Next filing
13 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Sale -$133,003 -1,200 -0.99% $110.84* 119,996 06 Aug 2021 By Self and Spouse as Trustees of Eisele Family Trust F1
transaction SICP Class A Common Stock Sale -$242,429 -2,165 -1.8% $111.98* 117,831 06 Aug 2021 By Self and Spouse as Trustees of Eisele Family Trust F2
transaction SICP Class A Common Stock Sale -$817,196 -7,235 -6.1% $112.95* 110,596 06 Aug 2021 By Self and Spouse as Trustees of Eisele Family Trust F3
transaction SICP Class A Common Stock Sale -$272,996 -2,400 -2.2% $113.75* 108,196 06 Aug 2021 By Self and Spouse as Trustees of Eisele Family Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SICP Restricted Stock Units 313 06 Aug 2021 Class A Common Stock 313 Direct F5, F6
holding SICP Non-Qualified Stock Options 755 06 Aug 2021 Class A Common Stock 755 $127.56 Direct F7
holding SICP Restricted Stock Units 2,732 06 Aug 2021 Class A Common Stock 2,732 Direct F5, F8
holding SICP Non-Qualified Stock Options 10,716 06 Aug 2021 Class A Common Stock 10,716 $16.09 Direct F9
holding SICP Non-Qualified Stock Options 30,000 06 Aug 2021 Class A Common Stock 30,000 $5.64 Direct
holding SICP Non-Qualified Stock Options 40,000 06 Aug 2021 Class A Common Stock 40,000 $4.42 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $110.28 to $111.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $111.39 to $112.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $112.39 to $113.37. The price reported above reflects the weighted average sale [or purchase] price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades at prices ranging from $113.44 to $114.10. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 The restricted stock units vest in three equal annual installments beginning on February 26, 2022. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F7 The option becomes exercisable in three annual installments beginning February 26, 2022.
F8 The restricted stock units vest in four equal annual installments beginning on November 19, 2020. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.
F9 The option becomes exercisable in four equal annual installments beginning November 19, 2020.