Glossman Diane Beth 4
4 · Live Oak Bancshares, Inc. · Filed Jan 27, 2022
Insider Transaction Report
Form 4
Glossman Diane Beth
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2022-01-25−7,500→ 0 totalExercise: $10.63Exp: 2024-09-19→ Voting Common Stock (7,500 underlying) - Exercise/Conversion
Voting Common Stock
2022-01-25$10.63/sh+7,500$79,755→ 61,752 total
Holdings
- 1,229
Restricted Stock Units
→ Voting Common Stock (1,229 underlying)
Footnotes (3)
- [F1]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.
- [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.