Glossman Diane Beth 4
4 · Live Oak Bancshares, Inc. · Filed Nov 8, 2021
Insider Transaction Report
Form 4
Glossman Diane Beth
Director
Transactions
- Sale
Voting Common Stock
2021-11-04$97.90/sh−7,500$734,228→ 54,252 total
Holdings
- 1,229
Restricted Stock Units
→ Voting Common Stock (1,229 underlying) - 7,500
Stock Option (right to buy)
Exercise: $10.63Exp: 2024-09-19→ Voting Common Stock (7,500 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $97.782815 to $98.060502. 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]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, 2022.
- [F4]The shares subject to this option vested and became exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vested on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of September 19, 2020 and 2021.