Alan J. Lane - Feb 26, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
President and CEO, Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Feb 26, 2022
Transactions value $
$45,184
Form type
4
Date filed
3/1/2022, 03:59 PM
Previous filing
Feb 24, 2022
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $0 +1.08K $0.00 1.08K Feb 26, 2022 Direct
transaction SICP Class A Common Stock Award $45.2K +375 +112.28% $120.49 709 Feb 26, 2022 Direct
holding SICP Class A Common Stock 142K Feb 26, 2022 By Self and Spouse as Trustees of Lane Trust
holding SICP Class A Common Stock 88.3K Feb 26, 2022 By IRA
holding SICP Class A Common Stock 1.76K Feb 26, 2022 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 Restricted Stock Units Options Exercise $0 -1.08K -33.32% $0.00 2.17K Feb 26, 2022 Class A Common Stock 1.08K Direct F1, F2
holding SICP Restricted Stock Units 5.98K Feb 26, 2022 Class A Common Stock 5.98K Direct F3, F4
holding SICP Non-Qualified Stock Options 13.8K Feb 26, 2022 Class A Common Stock 13.8K $110.84 Direct F5
holding SICP Restricted Stock Units 5.55K Feb 26, 2022 Class A Common Stock 5.55K Direct F3, F6
holding SICP Non-Qualified Stock Options 32.6K Feb 26, 2022 Class A Common Stock 32.6K $16.09 Direct F7
holding SICP Restricted Stock Units 3.25K Feb 26, 2022 Class A Common Stock 3.25K Direct F2, F3
holding SICP Non-Qualified Stock Options 7.84K Feb 26, 2022 Class A Common Stock 7.84K $127.56 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 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.
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 22, 2023. 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 option becomes exercisable in three annual installments beginning February 22, 2023.
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 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.
F7 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F8 The option becomes exercisable in three annual installments beginning February 26, 2022.