Luis A. Ubinas - Jul 1, 2021 Form 4 Insider Report for BOSTON PRIVATE FINANCIAL HOLDINGS INC (BPFH)

Role
Director
Signature
/s/ Colleen A. Graham, attorney-in-fact for Mr. Ubinas
Stock symbol
BPFH
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/6/2021, 06:33 PM
Previous filing
Jun 28, 2021
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BPFH Common Stock Disposed to Issuer $0 -20.3K -100% $0.00* 0 Jul 1, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Luis A. Ubinas is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger by and between SVB Financial Group ("SVB") and the Issuer, dated as of January 4, 2021 (the "Merger Agreement"), pursuant to which the Issuer was merged with and into SVB, with SVB as the surviving corporation (the "Merger"), effective July 1, 2021. Pursuant to the Merger, each issued and outstanding share of common stock of the Issuer was converted into the right to receive, without interest, 0.0228 shares of SVB common stock and $2.10 in cash. The closing price of one share of SVB common stock on the Nasdaq on the last trading day prior to the effectiveness of the Merger was $556.43. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of common stock of the Issuer.