PULLINS JERALD L 4
4 · Live Oak Bancshares, Inc. · Filed Feb 12, 2018
Insider Transaction Report
Form 4
PULLINS JERALD L
Director
Transactions
- Gift
Voting Common Stock
2018-02-06−1,000→ 235,272 total
Holdings
- 1,210
Restricted Stock Units
→ Voting Common Stock (1,210 underlying) - 30,000
Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock.
- [F2]The restricted units vest on May 9, 2018.
- [F3]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.