Filing Details

Accession Number:
0001209191-15-062554
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-07-27 16:58:07
Reporting Period:
2015-07-23
Filing Date:
2015-07-27
Accepted Time:
2015-07-27 16:58:07
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
1635154 W. John Sutherland 1741 Tiburon Drive
Wilmington NC 28403
Chief Accounting Officer 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 2015-07-23 2,200 $17.00 34,220 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 Employee Stock Option (right to buy) $10.63 2024-09-19 18,000 18,000 Direct
Voting Common Stock Restricted Stock Units $0.00 242 242 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-09-19 18,000 18,000 Direct
242 242 Direct
Footnotes
  1. 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
  2. Each restricted stock unit represents a right to receive one share of Live Oak Bancshares voting common stock.
  3. The restricted stock units vest in three equal annual installments beginning on January 30, 2016.