Alan J. Lane - Jun 8, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Jun 8, 2021
Transactions value $
-$16,366,719
Form type
4
Date filed
6/10/2021, 08:53 PM
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $315K +75K $4.20 75K Jun 8, 2021 Direct
transaction SICP Class A Common Stock Sale -$636K -6.25K -8.33% $101.82 68.8K Jun 8, 2021 Direct F1
transaction SICP Class A Common Stock Sale -$908K -8.79K -12.78% $103.33 60K Jun 8, 2021 Direct F2
transaction SICP Class A Common Stock Sale -$1.04M -10K -16.69% $103.72 50K Jun 8, 2021 Direct F3
transaction SICP Class A Common Stock Sale -$1.45M -13.8K -27.61% $105.24 36.2K Jun 8, 2021 Direct F4
transaction SICP Class A Common Stock Sale -$1.43M -13.5K -37.36% $105.94 22.7K Jun 8, 2021 Direct F5
transaction SICP Class A Common Stock Sale -$792K -7.39K -32.63% $107.12 15.3K Jun 8, 2021 Direct F6
transaction SICP Class A Common Stock Sale -$595K -5.51K -36.12% $108.00 9.75K Jun 8, 2021 Direct F7
transaction SICP Class A Common Stock Sale -$408K -3.74K -38.34% $109.05 6.01K Jun 8, 2021 Direct F8
transaction SICP Class A Common Stock Sale -$639K -5.81K -96.67% $109.90 200 Jun 8, 2021 Direct F9
transaction SICP Class A Common Stock Sale -$22.1K -200 -100% $110.57 0 Jun 8, 2021 Direct F10
transaction SICP Class A Common Stock Options Exercise $315K +75K $4.20 75K Jun 9, 2021 Direct
transaction SICP Class A Common Stock Sale -$330K -3.2K -4.26% $103.25 71.8K Jun 9, 2021 Direct F11
transaction SICP Class A Common Stock Sale -$315K -3.03K -4.23% $103.95 68.8K Jun 9, 2021 Direct F12
transaction SICP Class A Common Stock Sale -$418K -3.95K -5.75% $105.73 64.8K Jun 9, 2021 Direct F13
transaction SICP Class A Common Stock Sale -$2.46M -23.1K -35.62% $106.45 41.7K Jun 9, 2021 Direct F14
transaction SICP Class A Common Stock Sale -$2.3M -21.4K -51.17% $107.56 20.4K Jun 9, 2021 Direct F15
transaction SICP Class A Common Stock Sale -$1.81M -16.7K -82.09% $108.45 3.65K Jun 9, 2021 Direct F16
transaction SICP Class A Common Stock Sale -$398K -3.65K -100% $109.19 0 Jun 9, 2021 Direct F17
transaction SICP Class A Common Stock Options Exercise $93.9K +22.4K $4.20 22.4K Jun 10, 2021 Direct
transaction SICP Class A Common Stock Sale -$720K -7.12K -31.85% $101.09 15.2K Jun 10, 2021 Direct F18
transaction SICP Class A Common Stock Sale -$420K -4.13K -27.08% $101.69 11.1K Jun 10, 2021 Direct F19
holding SICP Class A Common Stock 141K Jun 8, 2021 By Self and Spouse as Trustees of Lane Trust
holding SICP Class A Common Stock 88.3K Jun 8, 2021 By IRA
holding SICP Class A Common Stock 1.76K Jun 8, 2021 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
transaction SICP Non-Qualified Stock Options Options Exercise $0 -75K -43.51% $0.00 97.4K Jun 8, 2021 Class A Common Stock 75K $4.20 Direct
transaction SICP Non-Qualified Stock Options Options Exercise $0 -75K -77.03% $0.00 22.4K Jun 9, 2021 Class A Common Stock 75K $4.20 Direct
transaction SICP Non-Qualified Stock Options Options Exercise $0 -22.4K -100% $0.00* 0 Jun 10, 2021 Class A Common Stock 22.4K $4.20 Direct
holding SICP Restricted Stock Units 3.25K Jun 8, 2021 Class A Common Stock 3.25K Direct F20, F21
holding SICP Non-Qualified Stock Options 7.84K Jun 8, 2021 Class A Common Stock 7.84K $127.56 Direct F22
holding SICP Restricted Stock Units 8.32K Jun 8, 2021 Class A Common Stock 8.32K Direct F20, F23
holding SICP Non-Qualified Stock Options 32.6K Jun 8, 2021 Class A Common Stock 32.6K $16.09 Direct F24
holding SICP Non-Qualified Stock Options 0 Jun 8, 2021 Class A Common Stock 172K $4.20 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $101.34 to $102.19. 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.
F2 This transaction was executed in multiple trades at prices ranging from $102.48 to $103.47. 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.
F3 This transaction was executed in multiple trades at prices ranging from $103.48 to $104.31. 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.
F4 This transaction was executed in multiple trades at prices ranging from $104.50 to $105.49. 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.
F5 This transaction was executed in multiple trades at prices ranging from $105.50 to $106.48. 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.
F6 This transaction was executed in multiple trades at prices ranging from $106.50 to $107.45. 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.
F7 This transaction was executed in multiple trades at prices ranging from $107.50 to $108.48. 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.
F8 This transaction was executed in multiple trades at prices ranging from $108.50 to $109.49. 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.
F9 This transaction was executed in multiple trades at prices ranging from $109.50 to $110.47. 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.
F10 This transaction was executed in multiple trades at prices ranging from $110.52 to $110.62. 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.
F11 This transaction was executed in multiple trades at prices ranging from $102.55 to $103.53. 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.
F12 This transaction was executed in multiple trades at prices ranging from $103.62 to $104.31. 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.
F13 This transaction was executed in multiple trades at prices ranging from $104.99 to $105.98. 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.
F14 This transaction was executed in multiple trades at prices ranging from $106.00 to $106.99. 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.
F15 This transaction was executed in multiple trades at prices ranging from $107.00 to $107.99. 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.
F16 This transaction was executed in multiple trades at prices ranging from $108.00 to $108.99. 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.
F17 This transaction was executed in multiple trades at prices ranging from $109.01 to $109.61. 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.
F18 This transaction was executed in multiple trades at prices ranging from $100.50 to $101.49. 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.
F19 This transaction was executed in multiple trades at prices ranging from $101.50 to $101.97. 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.
F20 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F21 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.
F22 The option becomes exercisable in three annual installments beginning February 26, 2022.
F23 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.
F24 The option becomes exercisable in four equal annual installments beginning November 18, 2020.