-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WG0p82SyGkcij7i6cBWewR/dVOzendAxPcrIviw+2yH6w5i+S/KqfMBgxuWIEKbD /a8vwmdfXKRcghD4mJs7lA== 0001245313-08-000031.txt : 20080501 0001245313-08-000031.hdr.sgml : 20080501 20080501213037 ACCESSION NUMBER: 0001245313-08-000031 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080429 FILED AS OF DATE: 20080501 DATE AS OF CHANGE: 20080501 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SVB FINANCIAL GROUP CENTRAL INDEX KEY: 0000719739 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942856336 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3003 TASMAN DR CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4086547400 MAIL ADDRESS: STREET 1: 3003 TASMAN DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 FORMER COMPANY: FORMER CONFORMED NAME: SILICON VALLEY BANCSHARES DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MacLennan Mark CENTRAL INDEX KEY: 0001307461 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15637 FILM NUMBER: 08796459 BUSINESS ADDRESS: BUSINESS PHONE: 408-654-7282 MAIL ADDRESS: STREET 1: 3003 TASMAN DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 edgardoc.xml PRIMARY DOCUMENT X0202 4 2008-04-29 0 0000719739 SVB FINANCIAL GROUP SIVB 0001307461 MacLennan Mark 3003 TASMAN DRIVE SANTA CLARA CA 95054 0 1 0 0 President SVB Capital Non-Qualified Stock Option (right to buy) 48.76 2008-04-29 4 A 0 10000 48.76 A 2009-04-29 2015-04-29 Common Stock 10000 10000 D Restricted Stock Unit 0 2008-04-29 4 A 0 4650 0 A 2010-12-03 2010-12-31 Common Stock 4650 4650 D Stock options were granted to the reporting person. Vesting will occur annually from the date of grant over 4 years with 25% vesting each year. The reporting person was granted restricted stock units (RSUs) which are subject to performance-based vesting. The RSUs are effective as of 4/29/08, and will vest on 12/3/2010, based on the level of return on average equity (ROE) as reported on the company's 2008 financial statements as follows: (i) none will vest if less than 90% of target ROE is achieved; (ii) 50% will vest if 90% but less than 100% of target ROE is achieved; (iii) 100% will vest if 100% but less than 110% of target ROE is achieved, and; and (iv) 150% of the award will vest if 110% or greater of target ROE is achieved. The reported number of shares on this form is based on achievement of 110% or greater of target. Vesting is also subject to the Company meeting certain expense control targets. The Compensation Committee of the Board of Directors will have the discretion to adjust the performance targets to take into account any extraordinary items. By: Lisa Bertolet as attorney in fact For: Mark A. MacLennan 2008-05-01 -----END PRIVACY-ENHANCED MESSAGE-----