- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2017-05-16 16:27:42
- Reporting Period:
- Filing Date:
- Accepted Time:
- 2017-05-16 16:27:42
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1462120||Live Oak Bancshares Inc.||LOB||State Commercial Banks (6022)||264596286|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1545352||Beth Diane Glossman||1741 Tiburon Drive |
Wilmington NC 28403
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Voting Common Stock||Acquisiton||2017-05-12||4,000||$25.48||23,000||No||4||P||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Sec. Name||Sec. Type||Price||Date||Expiration Date||Amount||Remaning Holdings||Nature of Ownership|
|Voting Common Stock||Restricted Stock Units||$0.00||1,892||1,892||Direct|
|Voting Common Stock||Restricted Stock Units||$0.00||1,210||1,210||Direct|
|Voting Common Stock||Stock Option (right to buy)||$10.63||2024-09-19||30,000||30,000||Direct|
|Expiration Date||Amount||Remaning Holdings||Nature of Ownership|
- This transaction was executed in multiple trades at prices ranging from $25.267 to $25.60. The price reported in Column 4 is a weighted average 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 transactions were effected.
- Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock.
- The restricted stock units vest on May 24, 2017.
- The restricted stock units vest on May 9, 2018.
- The shares subject to this option vest and become exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vest on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of September 19, 2020 and 2021.