Alan J. Lane - Jan 18, 2022 Form 4/A - Amendment 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
Jan 18, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
8/10/2022, 07:17 PM
Date Of Original Report
Nov 23, 2021
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
holding SICP Class A Common Stock 154K Jan 18, 2022 By Self and Spouse as Trustees of Lane Trust F1
holding SICP Class A Common Stock 88.3K Jan 18, 2022 By IRA
holding SICP Class A Common Stock 1.76K Jan 18, 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
holding SICP Restricted Stock Units 2.17K Jan 18, 2022 Class A Common Stock 2.17K Direct F2, F3
holding SICP Restricted Stock Units 5.98K Jan 18, 2022 Class A Common Stock 5.98K Direct F4, F5
holding SICP Non-Qualified Stock Options 13.8K Jan 18, 2022 Class A Common Stock 13.8K $110.84 Direct F6
holding SICP Restricted Stock Units 5.55K Jan 18, 2022 Class A Common Stock 5.55K Direct F4, F7
holding SICP Non-Qualified Stock Options 7.84K Jan 18, 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 This amendment has been filed to reflect a transfer of 11,113 shares from the Reporting Person's Direct holdings to Indirect holdings on 6/15/21. A prior amendment was filed on 1/18/22 to correct the overstatement of Direct holdings, but did not account for the corresponding increase in Indirect holdings.
F2 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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.
F6 The option becomes exercisable in three annual installments beginning February 22, 2023.
F7 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.
F8 The option becomes exercisable in three annual installments beginning February 26, 2022.