PULLINS JERALD L 4
4 · Live Oak Bancshares, Inc. · Filed Jun 11, 2018
Insider Transaction Report
Form 4
PULLINS JERALD L
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2018-06-07−12,000→ 18,000 totalExercise: $4.40Exp: 2024-03-26→ Voting Common Stock (12,000 underlying) - Exercise/Conversion
Voting Common Stock
2018-06-07$4.40/sh+12,000$52,800→ 246,590 total
Holdings
- 2,000
Restricted Stock Units
→ Voting Common Stock (2,000 underlying)
Footnotes (3)
- [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]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- [F3]The restricted units vest on May 15, 2019.