LANDIS H K 4
4 · Live Oak Bancshares, Inc. · Filed May 5, 2020
Insider Transaction Report
Form 4
LANDIS H K
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2020-05-01+2,990→ 198,300 total - Exercise/Conversion
Restricted Stock Units
2020-05-01−2,990→ 0 total→ Voting Common Stock (2,990 underlying)
Holdings
- 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 vested on May 1, 2020.
- [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.