4//SEC Filing
Underwood Neil Lawrence 4
Accession 0001209191-19-006043
CIK 0001462120other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 5:55 PM ET
Size
7.8 KB
Accession
0001209191-19-006043
Insider Transaction Report
Form 4
Underwood Neil Lawrence
DirectorPresident
Transactions
- Purchase
Voting Common Stock
2019-01-29$13.88/sh+7,165$99,450→ 1,255,434 total(indirect: By Trust)
Holdings
- 50,000(indirect: By Trust)
Voting Common Stock
- 600,000
Performance Restricted Stock Units
Exp: 2023-03-23→ Voting Common Stock (600,000 underlying)
Footnotes (3)
- [F1]These shares were previously reported as held by the reporting person directly. This description has been updated to indicate that the shares are held by the reporting person's revocable trust.
- [F2]These shares were previously reported as held by the reporting person's spouse, Linda D. Underwood. This description has been updated to indicate that the shares are held by Mrs. Underwood's revocable trust.
- [F3]Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The vesting of the performance RSUs was subject to the Company achieving total revenue of at least $100 million for fiscal year 2016. In addition, in order for the RSUs to vest, the Company's voting common stock must attain a closing price equal to or greater than $34.00 per share for at least twenty (20) consecutive trading days at any time prior to March 23, 2023.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001337412
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 5:55 PM ET
- Size
- 7.8 KB