Live Oak Bancshares, Inc. 4
4 · Live Oak Bancshares, Inc. · Filed Jun 1, 2017
Insider Transaction Report
Form 4
Custer Scott
President, Live Oak Bank
Transactions
- Conversion
Voting Common Stock
2017-05-30+80,000→ 80,000 total - Purchase
Non-Voting Common Stock
2017-05-30$25.00/sh+80,000$2,000,000→ 80,000 totalExercise: $0.00→ Voting Common Stock (80,000 underlying) - Conversion
Non-Voting Common Stock
2017-05-30−80,000→ 0 totalExercise: $0.00→ Voting Common Stock (80,000 underlying)
Footnotes (3)
- [F1]Shares of Non-Voting Common Stock converted into shares of Voting Common Stock at the election of the Reporting Person.
- [F2]Purchase of shares of Non-Voting Common Stock by the Reporting Person in a private purchase from another shareholder of the Issuer. Each share of Non-Voting Common Stock is convertible into Voting Common Stock on a one-for-one basis. The Non-Voting Common Stock does not have an exercise or expiration date.
- [F3]Following the Reporting Person's purchase of Non-Voting Common Stock, all shares of Non-Voting Common Stock purchased were converted into shares of Voting Common Stock on a one-for-one basis. The Non-Voting Common Stock did not have a set exercise or expiration date.