4//SEC Filing
Underwood Neil Lawrence 4
Accession 0001209191-20-018459
CIK 0001462120other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 4:03 PM ET
Size
8.2 KB
Accession
0001209191-20-018459
Insider Transaction Report
Form 4
Underwood Neil Lawrence
DirectorPresident
Transactions
- Purchase
Voting Common Stock
2020-03-11$11.46/sh+95,000$1,088,700→ 1,350,434 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 (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $11.095 to $11.60. 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]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.
- [F3]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.
- [F4]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
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 4:03 PM ET
- Size
- 8.2 KB