Derek J. Eisele - Jan 13, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Executive Vice President
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/18/2022, 05:09 PM
Previous filing
Jan 18, 2022
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Gift $0 -459 -100% $0.00* 0 Jan 13, 2022 Direct F1
transaction SICP Class A Common Stock Gift $0 +459 +0.44% $0.00 104K Jan 13, 2022 By Self and Spouse as Trustees of Eisele Family Trust F1
holding SICP Class A Common Stock 277 Jan 13, 2022 By Credit Shelter Trust F2
holding SICP Class A Common Stock 75.1K Jan 13, 2022 By Irrevocable Trust F3

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 1.82K Jan 13, 2022 Class A Common Stock 1.82K Direct F4, F5
holding SICP Non-Qualified Stock Options 10.7K Jan 13, 2022 Class A Common Stock 10.7K $16.09 Direct F6
holding SICP Restricted Stock Units 313 Jan 13, 2022 Class A Common Stock 313 Direct F4, F7
holding SICP Non-Qualified Stock Options 755 Jan 13, 2022 Class A Common Stock 755 $127.56 Direct F8
holding SICP Non-Qualified Stock Options 30K Jan 13, 2022 Class A Common Stock 30K $5.64 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to the Eisele Family Trust.
F2 The reporting person is a co-trustee and remainder beneficiary of the Credit Shelter Trust U/W of Mary P. Eisele. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F3 The reporting person is a trustee and beneficiary of the George R. Eisele Irrevocable Trust II. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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 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, local and foreign taxes of any kind.
F6 The option becomes exercisable in four equal annual installments beginning November 19, 2020.
F7 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.
F8 The option becomes exercisable in three annual installments beginning February 26, 2022.