SEC Form 4 · accession 0001209191-16-094870

Live Oak Bancshares, Inc. · LOB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Accounting Officer

Period of report

Jan 30, 2016

Accepted (ET)

Feb 2, 2016 · 5:16 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 Stock^F1	Jan 30, 2016	M	80	—	A	34,300	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Jan 30, 2016	M	80	A	—	—	Voting Common Stock	80	162	D
Employee Stock Option (right to buy)^F2	$10.634	holding	—	—	—	—	Sep 19, 2024	Voting Common Stock	18,000	18,000	D
Employee Stock Option (right to buy)^F4	$17.00	holding	—	—	—	—	Jul 22, 2025	Voting Common Stock	12,000	12,000	D

F1Each restricted stock unit represents a right to receive one share of Live Oak Bancshares voting common stock.
F2The shares subject to this option vest and become exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vest on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of September 19, 2020 and 2021
F3The restricted stock units vest in three equal annual installments beginning on January 30, 2016.
F4The 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.