- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2020-11-09 16:32:22
- Reporting Period:
- Accepted Time:
- 2020-11-09 16:32:22
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1462120||Live Oak Bancshares Inc.||LOB||National Commercial Banks (6021)||NC|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1045064||K H Landis||1741 Tiburon Drive |
Wilmington NC 28403
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||2020-11-05||15,000||$4.40||213,300||No||4||M||Direct|
|Voting Common Stock||Disposition||2020-11-05||15,000||$40.60||198,300||No||4||S||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Voting Common Stock||Stock Option (right to buy)||Disposition||2020-11-05||15,000||$0.00||15,000||$4.40|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
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||4,160||4,160||Direct|
|Expiration Date||Amount||Remaning Holdings||Nature of Ownership|
- This transaction was executed in multiple trades at prices ranging from $40.55 to $40.80. 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 trades were effected.
- The shares subject to this option vest and become exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vest on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of March 26, 2020 and 2021.
- Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- The restricted stock units vest on May 1, 2021.