Ben Reynolds - Aug 4, 2021 Form 4/A - Amendment Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Strategy Officer
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Aug 4, 2021
Transactions value $
$27,578
Form type
4/A - Amendment
Date filed
11/8/2021, 03:18 PM
Date Of Original Report
Aug 6, 2021
Next filing
Nov 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $27.6K +1.71K +56.49% $16.09 4.75K Aug 4, 2021 Direct F1

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 -1.71K -25.01% $0.00 5.14K Aug 4, 2021 Class A Common Stock 1.71K $16.09 Direct F1, F2
holding SICP Restricted Stock Units 1.08K Aug 4, 2021 Class A Common Stock 1.08K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4 filed on August 6, 2021 inadvertently omitted this additional option excercise.
F2 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 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.
F5 The original Form 4 filed on August 6, 2021 incorrectly listed this amount of restricted stock units as 3,918.