SEC Form 4 · accession 0001209191-16-123600
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Don Jackson
Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 4:38 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 | — | — | — | 80,618 | 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 UnitsF2,F3 | — | May 24, 2016 | A | 1,892 | A | — | — | Voting Common Stock | 1,892 | 1,892 | D |
| Stock Option (Right to Buy)F1 | $19.15 | holding | — | — | — | — | Aug 25, 2025 | Voting Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1The shares subject to this option vest and become exercisable in four equal annual installments beginning on August 25, 2016.
- F2Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock.
- F3The restricted stock units vest on May 24, 2017.