Director at Square 1 Financial Inc. (NASDAQ:SQBK) G Susan Casey converted 500 Convertible Capital Securities issued by Square 1 Financial Trust I, which resulted in the acquisition of 50,000 shares of Class A common stock. Following this transaction, Mrs. Casey owns 140,062 directly, and another 13,500 shares by IRA. This is not the first acquisition Mrs. Casey makes at the company over the course of this year. During Q1, she bought 2,000 shares, at a price of $ 18.00 per share.
This $547.32 Million Market Cap Financial services company has witnessed frecquent insider acquisitions during 2014. Evp and Cfo Timothy Patrick Oakes boosted 8,888 shares, at a Price of $ 18.00 per share; Evp Frank Tower purchased another 5,000 shares, at the same price; and Evp-Sillicon Valley Sam Bhaumik, bought 2,778 shares, also at a price of $ 18.00 per share, at Square 1 Financial Inc. (NASDAQ:SQBK).