ALAN J. LANE - 06 May 2022 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
06 May 2022
Net transactions value
$0
Form type
4
Filing time
06 May 2022, 16:24:35 UTC
Previous filing
01 Mar 2022
Next filing
22 Jul 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 Other $0 -709 -100% $0.000000* 0 06 May 2022 Direct F1
transaction SICP Class A Common Stock Other $0 +709 +0.5% $0.000000 142,832 06 May 2022 By Self and Spouse as Trustees of Lane Trust F1
holding SICP Class A Common Stock 88,268 06 May 2022 By IRA
holding SICP Class A Common Stock 1,758 06 May 2022 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
holding SICP Restricted Stock Units 2,169 06 May 2022 Class A Common Stock 2,169 Direct F2, F3
holding SICP Restricted Stock Units 5,977 06 May 2022 Class A Common Stock 5,977 Direct F4, F5
holding SICP Non-Qualified Stock Options 13,810 06 May 2022 Class A Common Stock 13,810 $110.84 Direct F6
holding SICP Restricted Stock Units 5,546 06 May 2022 Class A Common Stock 5,546 Direct F4, F7
holding SICP Non-Qualified Stock Options 32,628 06 May 2022 Class A Common Stock 32,628 $16.09 Direct F8
holding SICP Non-Qualified Stock Options 7,838 06 May 2022 Class A Common Stock 7,838 $127.56 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transfer from direct holding to indirect holding.
F2 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 The restricted stock units vest in three equal annual installments beginning on February 22, 2023. 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 22, 2023.
F7 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, and local taxes of any kind.
F8 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F9 The option becomes exercisable in three annual installments beginning February 26, 2022.