SEC Form 4 · accession 0001209191-15-066557
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. William Holt
Officer — Chief Revenue Officer
Period of report
Aug 14, 2015
Accepted (ET)
Aug 18, 2015 · 4:22 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 | holding | — | — | — | 70 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $0.00 | Aug 14, 2015 | J | 100,000 | D | — | — | Voting Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Mr. Holt ceased to be an employee of Live Oak Bancshares, Inc. as of August 14, 2015. As a result, all of the outstanding Employee Stock Options previously awarded to him were cancelled without payment.