Live Oak Bancshares, Inc. 4
4 · Live Oak Bancshares, Inc. · Filed Jul 28, 2015
Insider Transaction Report
Form 4
Hill Thomas A.
Chief Information Officer
Transactions
- Award
Employee Stock Option (right to buy)
2015-07-22+26,000→ 26,000 totalExercise: $17.00Exp: 2025-07-22→ Voting Common Stock (26,000 underlying)
Holdings
- 15,824
Voting Common Stock
- 30,750
Employee Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,750 underlying)
Footnotes (2)
- [F1]The shares subject to this option vest and become exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vest on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of March 26, 2020 and 2021.
- [F2]The 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.