LANDIS H K 4
4 · Live Oak Bancshares, Inc. · Filed May 17, 2018
Insider Transaction Report
Form 4
LANDIS H K
Director
Transactions
- Award
Restricted Stock Units
2018-05-15+2,000→ 2,000 total→ Voting Common Stock (2,000 underlying)
Holdings
- 193,310
Voting Common Stock
- 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, Inc. voting common stock.
- [F2]The restricted stock units vest on May 15, 2019.
- [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.