Filing Details
- Accession Number:
- 0001312109-21-000250
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-11-05 20:51:36
- Reporting Period:
- 2021-11-03
- Accepted Time:
- 2021-11-05 20:51:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1312109 | Silvergate Capital Corp | SI | State Commercial Banks (6022) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1757644 | J. Derek Eisele | 4250 Executive Square Suite 300 La Jolla CA 92037 | Executive Vice President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2021-11-03 | 3,600 | $200.34 | 1,677 | No | 4 | S | Indirect | By Credit Shelter Trust |
| Class A Common Stock | Disposition | 2021-11-03 | 1,000 | $201.62 | 677 | No | 4 | S | Indirect | By Credit Shelter Trust |
| Class A Common Stock | Disposition | 2021-11-03 | 400 | $202.36 | 277 | No | 4 | S | Indirect | By Credit Shelter Trust |
| Class A Common Stock | Disposition | 2021-11-03 | 16,372 | $200.24 | 83,726 | No | 4 | S | Indirect | By Irrevocable Trust |
| Class A Common Stock | Disposition | 2021-11-03 | 4,663 | $201.24 | 79,063 | No | 4 | S | Indirect | By Irrevocable Trust |
| Class A Common Stock | Disposition | 2021-11-03 | 3,965 | $202.37 | 75,098 | No | 4 | S | Indirect | By Irrevocable Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Credit Shelter Trust |
| No | 4 | S | Indirect | By Credit Shelter Trust |
| No | 4 | S | Indirect | By Credit Shelter Trust |
| No | 4 | S | Indirect | By Irrevocable Trust |
| No | 4 | S | Indirect | By Irrevocable Trust |
| No | 4 | S | Indirect | By Irrevocable Trust |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 103,696 | Indirect | By Self and Spouse as Trustees of Eisele Family Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | $0.00 | 313 | 313 | Direct | ||
| Class A Common Stock | Non-Qualified Stock Options | $127.56 | 2031-02-26 | 755 | 755 | Direct | |
| Class A Common Stock | Restricted Stock Units | $0.00 | 2,732 | 2,732 | Direct | ||
| Class A Common Stock | Non-Qualified Stock Options | $16.09 | 2029-11-19 | 10,716 | 10,716 | Direct | |
| Class A Common Stock | Non-Qualified Stock Options | $5.64 | 2014-10-24 | 2024-10-24 | 30,000 | 30,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 313 | 313 | Direct | |
| 2031-02-26 | 755 | 755 | Direct |
| 2,732 | 2,732 | Direct | |
| 2029-11-19 | 10,716 | 10,716 | Direct |
| 2024-10-24 | 30,000 | 30,000 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $200.00 to $200.76. 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.
- The reporting person is a co-trustee and remainder beneficiary of the Credit Shelter Trust U/W of Mary P. Eisele. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
- This transaction was executed in multiple trades at prices ranging from $201.15 to $201.98. 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.
- This transaction was executed in multiple trades at prices ranging from $202.00 to $202.71. 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.
- This transaction was executed in multiple trades at prices ranging from $200.00 to $201.00. 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.
- The reporting person is a trustee and beneficiary of the George R. Eisele Irrevocable Trust II. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
- This transaction was executed in multiple trades at prices ranging from $201.01 to $201.98. 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.
- This transaction was executed in multiple trades at prices ranging from $202.00 to $202.82. 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.
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- 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.
- The option becomes exercisable in three annual installments beginning February 26, 2022.
- 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.
- The option becomes exercisable in four equal annual installments beginning November 19, 2020.
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