4//SEC Filing
Janson Susan N 4
Accession 0001209191-21-010319
CIK 0001462120other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 5:40 PM ET
Size
10.5 KB
Accession
0001209191-21-010319
Insider Transaction Report
Form 4
Janson Susan N
Chief Risk Off., Live Oak Bank
Transactions
- Exercise/Conversion
Voting Common Stock
2021-02-10+2,002→ 32,462 total - Tax Payment
Voting Common Stock
2021-02-10$44.97/sh−832$37,415→ 31,630 total - Exercise/Conversion
Restricted Stock Units
2021-02-10−2,002→ 8,009 total→ Voting Common Stock (2,002 underlying)
Holdings
- 18,750
Performance Restricted Stock Units
Exp: 2028-05-14→ Voting Common Stock (18,750 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F2]2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of the Company's voting common stock.
- [F4]Eighteen thousand seven hundred fifty of the PRSUs will vest upon the attainment of closing prices of the Company's voting common stock of equal to or greater than $48.00 per share once they are attained for at least twenty (20) consecutive trading days at any time prior to May 14, 2028.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001737875
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 5:40 PM ET
- Size
- 10.5 KB