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Filing Details

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.