Frank Dennis S - Jun 10, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Jun 10, 2022
Transactions value $
$0
Form type
4
Date filed
6/13/2022, 05:27 PM
Previous filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $0 +674 +1.35% $0.00 50.7K Jun 10, 2022 Direct F1, F2
holding SICP Class A Common Stock 50.7K Jun 10, 2022 Direct
holding SICP Class A Common Stock 75.1K Jun 10, 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
transaction SICP Restricted Stock Units Options Exercise $0 -674 -100% $0.00* 0 Jun 10, 2022 Class A Common Stock 674 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Frank Dennis S is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The original vesting date of June 11, 2022 for these restricted stock units was accelerated to June 10, 2022 by the Company's compensation committee on May 27, 2022.
F2 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
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 The restricted stock units vest in full on June 11, 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.