Hoffsis Glen F. 4
4 · Live Oak Bancshares, Inc. · Filed May 4, 2021
Insider Transaction Report
Form 4
Hoffsis Glen F.
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2021-05-01+4,160→ 107,342 total - Exercise/Conversion
Restricted Stock Units
2021-05-01−4,160→ 0 total→ Voting Common Stock (4,160 underlying)
Holdings
- 18,000
Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (18,000 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, 2021.
- [F3]The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021.