ALAN J. LANE - 19 Nov 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
President and CEO, Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
19 Nov 2021
Net transactions value
-$302,156
Form type
4
Filing time
23 Nov 2021, 19:04:11 UTC
Previous filing
10 Jun 2021
Next filing
18 Jan 2022
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 Options Exercise +2,773 +25% 13,886 19 Nov 2021 Direct F1
transaction SICP Class A Common Stock Tax liability $302,156 -1,375 -9.9% $219.75* 12,511 19 Nov 2021 Direct
holding SICP Class A Common Stock 140,725 19 Nov 2021 By Self and Spouse as Trustees of Lane Trust
holding SICP Class A Common Stock 88,268 19 Nov 2021 By IRA
holding SICP Class A Common Stock 1,758 19 Nov 2021 By Employer 401(k) Plan

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
transaction SICP Restricted Stock Units Options Exercise $0 -2,773 -33% $0.000000 5,546 19 Nov 2021 Class A Common Stock 2,773 Direct F2, F3
holding SICP Non-Qualified Stock Options 32,628 19 Nov 2021 Class A Common Stock 32,628 $16.09 Direct F4
holding SICP Restricted Stock Units 3,253 19 Nov 2021 Class A Common Stock 3,253 Direct F2, F5
holding SICP Non-Qualified Stock Options 7,838 19 Nov 2021 Class A Common Stock 7,838 $127.56 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 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 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, local and foreign taxes of any kind.
F4 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F5 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.
F6 The option becomes exercisable in three annual installments beginning February 26, 2022.