Ben Reynolds - Nov 5, 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
Nov 5, 2021
Transactions value $
-$660,000
Form type
4/A - Amendment
Date filed
11/10/2021, 03:29 PM
Date Of Original Report
Nov 8, 2021
Previous filing
Nov 8, 2021
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 Sale -$660K -3K -63.18% $220.00 1.75K Nov 5, 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
holding SICP Restricted Stock Units 1.75K Nov 5, 2021 Class A Common Stock 3.92K Direct F2, F3
holding SICP Non-Qualified Stock Options 2.6K Nov 5, 2021 Class A Common Stock 2.6K $127.56 Direct F4
holding SICP Restricted Stock Units 1.75K Nov 5, 2021 Class A Common Stock 3.92K Direct F2, F5
holding SICP Restricted Stock Units 1.08K Nov 5, 2021 Class A Common Stock 1.75K Direct F2, F6
holding SICP Non-Qualified Stock Options 5.14K Nov 5, 2021 Class A Common Stock 6.85K $16.09 Direct F7
* 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 November 8, 2021 incorrectly listed this amount of Class A Common Stock as 34.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 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.
F4 The option becomes exercisable in three annual installments beginning February 26, 2022.
F5 The restricted stock units vest in two equal installments, on February 26, 2024, and February 26, 2025. 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.
F6 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.
F7 The option becomes exercisable in four equal annual installments beginning November 19, 2020.