Ben Reynolds - 22 Feb 2022 Form 4/A - Amendment Insider Report for Silvergate Capital Corp (SICP)

Role
President
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
22 Feb 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
21 Feb 2023, 15:31:46 UTC
Date Of Original Report
25 Feb 2022
Previous filing
23 Nov 2021
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SICP Class A Common Stock 2,041 22 Feb 2022 Direct

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 Award $0 +1,804 $0.000000 1,804 22 Feb 2022 Class A Common Stock 1,804 Direct F1, F2
transaction SICP Non-Qualified Stock Options Award $0 +4,169 $0.000000 4,169 22 Feb 2022 Class A Common Stock 4,169 $110.84 Direct F3
holding SICP Restricted Stock Units 1,164 22 Feb 2022 Class A Common Stock 1,164 Direct F1, F4
holding SICP Non-Qualified Stock Options 5,140 22 Feb 2022 Class A Common Stock 5,140 $16.09 Direct F5, F6
holding SICP Restricted Stock Units 1,077 22 Feb 2022 Class A Common Stock 1,077 Direct F1, F7
holding SICP Non-Qualified Stock Options 2,597 22 Feb 2022 Class A Common Stock 2,597 $127.56 Direct F8
holding SICP Restricted Stock Units 3,918 22 Feb 2022 Class A Common Stock 3,918 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2 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.
F3 The option becomes exercisable in three annual installments beginning February 22, 2023.
F4 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.
F5 The option becomes exercisable in four equal annual installments beginning November 19, 2020.
F6 The original Form 4 filed on February 22, 2022 incorrectly listed this number of shares as 3,426.
F7 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.
F8 The option becomes exercisable in three annual installments beginning February 26, 2022.
F9 The restricted stock units vest in two equal installments, on February 26, 2024, and February 26, 2025. 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.