Filing Details
- Accession Number:
- 0001209191-15-085043
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-12-14 16:43:57
- Reporting Period:
- 2015-12-10
- Filing Date:
- 2015-12-14
- Accepted Time:
- 2015-12-14 16:43:57
- 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 |
|---|---|---|---|---|---|---|---|
| 1648958 | Steve Smits | 1741 Tiburon Drive Wilmington NC 28403 | Chief Credit 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 | Disposition | 2015-12-10 | 1,000 | $13.19 | 59,000 | No | 4 | S | Direct | |
| Voting Common Stock | Acquisiton | 2015-12-14 | 1,000 | $4.40 | 60,000 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | 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 | 2015-12-14 | 1,000 | $0.00 | 1,000 | $4.40 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 63,500 | 2024-03-26 | No | 4 | M | 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 | 2025-02-20 | 20,000 | 20,000 | Direct | |
| Voting Common Stock | Employee Stock Option (right to buy) | $17.00 | 2025-07-22 | 30,000 | 30,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-02-20 | 20,000 | 20,000 | Direct |
| 2025-07-22 | 30,000 | 30,000 | Direct |
Footnotes
- 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.
- The shares subject to this option vest and become exercisable in three equal annual installments beginning on February 20, 2016.
- The shares subject to this option vest and become exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vest on each of July 22, 2016, 2017, 2018, 2019, and 2020; and 25% of the shares subject to the option vest on each of July 22, 2021 and 2022.
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