SEC Form 4 · accession 0001209191-19-006189
Live Oak Bancshares, Inc. · LOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L. Williams III
Officer — Vice Chairman & EVP · Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 31, 2019 · 4:51 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 | Jan 2, 2019 | G | 850 | $0.00 | D | 84,150 | I | By 2015 GRAT |
| Voting Common StockF1 | Jan 7, 2019 | G | 84,150 | $0.00 | D | 0 | I | By 2015 GRAT |
| Voting Common Stock | holding | — | — | — | 48,100 | D | ||
| Voting Common Stock | holding | — | — | — | 774,310 | I | By William L. Williams Revocable Trust | |
| Voting Common Stock | holding | — | — | — | 450,000 | I | By Elizabeth L. Williams Revocable Trust | |
| Voting Common Stock | holding | — | — | — | 14,110 | I | By Spoint-ILM, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person previously reported 85,000 shares as indirectly owned through a grantor retained annuity trust (GRAT). On January 2, 2019, 850 of these shares and on January 7, 2019, 84,150 of these shares were distributed in satisfaction of the GRAT's terms to family trusts for which the reporting person is not a trustee and in which he has no beneficial interest.