SEC Form 4 · accession 0001209191-15-083786
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Don Jackson
Director
Period of report
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 4:53 pm EST
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 StockF1 | Dec 3, 2015 | P | 10,031 | $14.50 | A | 20,031 | D | |
| Voting Common StockF2 | Dec 4, 2015 | P | 10,190 | $14.57 | A | 30,221 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $19.15 | holding | — | — | — | — | Aug 25, 2025 | Voting Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $14.34 to $14.54. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F2This transaction was executed in multiple trades at prices ranging from $14.39 to $14.75. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F3The shares subject to this option vest and become exercisable in four equal annual installments beginning on August 25, 2016.