Filing Details

Accession Number:
0001209191-17-032654
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-05-16 16:27:42
Reporting Period:
2017-05-12
Filing Date:
2017-05-16
Accepted Time:
2017-05-16 16:27:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1462120 Live Oak Bancshares Inc. LOB State Commercial Banks (6022) 264596286
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1545352 Beth Diane Glossman 1741 Tiburon Drive
Wilmington NC 28403
Yes No No No
Reported Non-Derivative Transactions
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
No 4 P Direct
Reported Derivative Holdings
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
1,892 1,892 Direct
1,210 1,210 Direct
2024-09-19 30,000 30,000 Direct
Footnotes
  1. 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.
  2. Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock.
  3. The restricted stock units vest on May 24, 2017.
  4. The restricted stock units vest on May 9, 2018.
  5. 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.