SEC Form 4 · accession 0001209191-15-062528
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S. Brett Caines
Officer — Chief Financial Officer
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001462120
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common Stock | Jul 23, 2015 | P | 8,200 | $17.00 | A | 434,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | holding | — | — | — | — | — | Voting Common Stock | 390 | 390 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive one share of Live Oak Bancshares voting common stock.
- F2The restricted stock units vest in three equal annual installments beginning on January 30, 2016.