Glossman Diane Beth 4
4 · Live Oak Bancshares, Inc. · Filed Nov 20, 2020
Insider Transaction Report
Form 4
Glossman Diane Beth
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2020-11-18$10.63/sh+22,500$239,265→ 57,592 total - Exercise/Conversion
Stock Option (right to buy)
2020-11-18−22,500→ 7,500 totalExercise: $10.63Exp: 2024-09-19→ Voting Common Stock (22,500 underlying)
Holdings
- 4,160
Restricted Stock Units
→ Voting Common Stock (4,160 underlying)
Footnotes (3)
- [F1]The shares subject to this option vest and become exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vest on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of September 19, 2020 and 2021.
- [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 1, 2021.