Reynolds Ben's Form 4/A amendment
AmendedSilvergate Capital Corp (SICP) · filed Nov 8, 2021
- Accession no.
- 0001312109-21-000259
- Filed
- Nov 8, 2021
- Trade date
- Aug 4, 2021
- Filing delay
- 96 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 6, 2021
This filing lists 1 non-derivative transaction and 1 derivative transaction. It carries over 6 transactions from the original filing that it did not restate. Open-market sales total $1.22M. It was filed 96 days after the trade.
This amendment restates part of 0001312109-21-000186 (filed Aug 6, 2021). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Reynolds BenCIK 0001757679 | Officer (Chief Strategy Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 4, 2021 | Class A Common Stock | MOption exerciseAcquired | +1,714 | $16.09 | +$27,578.26 | 4,748 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 4, 2021 | Class A Common Stock | MOption exerciseDisposed | −1,714 | $0.00 | $0 | 5,140 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001312109-21-000186 (filed Aug 6, 2021).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −1,600 | $102.72F1 | −$164,352 | 13,148 | Direct | |
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −3,000 | $103.44F2 | −$310,320 | 10,148 | Direct | |
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −400 | $104.38F3 | −$41,752 | 9,748 | Direct | |
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −2,363 | $103.59F4 | −$244,783.17 | 7,385 | Direct | |
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −1,900 | $104.75F5 | −$199,025 | 5,485 | Direct | |
| Aug 4, 2021 | Class A Common Stock | SSaleDisposed | −2,451 | $105.47F6 | −$258,506.97 | 3,034 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F1
This transaction was executed in multiple trades at prices ranging from $102.09 to $103.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F2
This transaction was executed in multiple trades at prices ranging from $103.10 to $104.065. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F3
This transaction was executed in multiple trades at prices ranging from $104.17 to $104.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $103.10 to $104.09. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $104.16 to $105.11. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was executed in multiple trades at prices ranging from $105.21 to $105.83. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The original Form 4 filed on August 6, 2021 inadvertently omitted this additional option excercise.
- F2
The option becomes exercisable in four equal annual installments beginning November 18, 2020.
- 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 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.
- F5
The original Form 4 filed on August 6, 2021 incorrectly listed this amount of restricted stock units as 3,918.