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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1462120	Live Oak Bancshares Inc.	LOB	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1337412	Lawrence Neil Underwood	1741 Tiburon Drive Wilmington NC 28403	President	Yes	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	2019-01-29	7,165	$13.88	1,255,434	No	4	P	Indirect	By Neil L. Underwood Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Neil L. Underwood Revocable Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Voting Common Stock	50,000	Indirect	By Linda D. Underwood Revocable Trust

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Voting Common Stock	Performance Restricted Stock Units	$0.00		2023-03-23	600,000	600,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-03-23	600,000	600,000	Direct

Footnotes

These shares were previously reported as held by the reporting person directly. This description has been updated to indicate that the shares are held by the reporting person's revocable trust.
These shares were previously reported as held by the reporting person's spouse, Linda D. Underwood. This description has been updated to indicate that the shares are held by Mrs. Underwood's revocable trust.
Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The vesting of the performance RSUs was subject to the Company achieving total revenue of at least $100 million for fiscal year 2016. In addition, in order for the RSUs to vest, the Company's voting common stock must attain a closing price equal to or greater than $34.00 per share for at least twenty (20) consecutive trading days at any time prior to March 23, 2023.