LANDIS H K 4
4 · Live Oak Bancshares, Inc. · Filed Nov 9, 2020
Insider Transaction Report
Form 4
LANDIS H K
Director
Transactions
- Sale
Voting Common Stock
2020-11-05$40.60/sh−15,000$609,015→ 198,300 total - Exercise/Conversion
Stock Option (right to buy)
2020-11-05−15,000→ 15,000 totalExercise: $4.40Exp: 2024-03-26→ Voting Common Stock (15,000 underlying) - Exercise/Conversion
Voting Common Stock
2020-11-05$4.40/sh+15,000$66,000→ 213,300 total
Holdings
- 4,160
Restricted Stock Units
→ Voting Common Stock (4,160 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $40.55 to $40.80. 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]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.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- [F4]The restricted stock units vest on May 1, 2021.