UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of
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SILICON VALLEY BANCSHARES

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Silicon Valley Bancshares

 

 

April 12, 2005

 

 

Fidelity Investments

Investment Proxy Research

82 Devonshire Street - F7C

Boston, MA 02109

Attn: Mr. Ed Corrao

 

Re:  Silicon Valley Bancshares Amended and Restated 1997 Equity Incentive Plan (the “Plan”)

 

Dear Mr. Corrao:

 

In connection with our discussions with you regarding the Plan, we hereby confirm to you that the total number of shares of our Common Stock subject to our stock options, restricted stock awards, restricted stock unit awards, stock bonus awards and any other equity awards granted under the Plan in 2005 will not exceed three percent (3%) of the total number of shares of Common Stock outstanding as of January 1, 2005. 

 

Very truly yours,

 

SILICON VALLEY BANCSHARES

 

 

/s/ DEREK WITTE

 

Derek Witte

General Counsel