Petty Miltom Emmett 4
4 · Live Oak Bancshares, Inc. · Filed May 3, 2022
Insider Transaction Report
Form 4
Petty Miltom Emmett
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2022-05-01+1,229→ 99,891 total - Exercise/Conversion
Restricted Stock Units
2022-05-01−1,229→ 0 total→ Voting Common Stock (1,229 underlying)
Holdings
- 30,000
Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,000 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, 2022.
- [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.