LANDIS H K 4
4 · Live Oak Bancshares, Inc. · Filed Dec 12, 2018
Insider Transaction Report
Form 4
LANDIS H K
Director
Transactions
- Purchase
Voting Common Stock
2018-12-12$14.13/sh+2,000$28,265→ 195,310 total
Holdings
- 2,000
Restricted Stock Units
→ Voting Common Stock (2,000 underlying) - 30,000
Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,000 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $14.1179 to $14.159. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- [F3]The restricted stock units vest on May 15, 2019.
- [F4]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.