Filing Details

Accession Number:
0001209191-21-067869
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-12-03 17:02:46
Reporting Period:
2021-12-01
Accepted Time:
2021-12-03 17:02:46
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
1656656 W Gregory Seward 1741 Tiburon Drive
Wilmington NC 28403
General Counsel No Yes 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 2021-12-01 5,000 $14.55 78,180 No 4 M Direct
Voting Common Stock Disposition 2021-12-01 5,000 $91.50 73,180 No 4 S Direct
Voting Common Stock Disposition 2021-12-03 225 $0.00 72,955 No 5 G Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 5 G Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Voting Common Stock Employee Stock Option (right to buy) Disposition 2021-12-01 5,000 $0.00 5,000 $14.55
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
25,000 2025-11-19 No 4 M 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 8,009 8,009 Direct
Voting Common Stock Restricted Stock Units $0.00 5,000 5,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
8,009 8,009 Direct
5,000 5,000 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $91.32 to $91.96. 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.
  2. The shares subject to this option vest and become exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019,and 2020; and 25% of the shares subject to the option vest on each of November 19, 2021 and 2022.
  3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
  4. 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
  5. The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.