4//SEC Filing
Cameron William Henderson 4
Accession 0001209191-22-050079
CIK 0001462120other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 4:42 PM ET
Size
9.3 KB
Accession
0001209191-22-050079
Insider Transaction Report
Form 4
Cameron William Henderson
Director
Transactions
- Gift
Voting Common Stock
2022-09-09+6,073→ 166,217 total(indirect: By Trust)
Holdings
- 30,000
Stock Option (right to buy)
Exercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,000 underlying) - 1,229
Voting Common Stock
- 470(indirect: By Trust)
Voting Common Stock
- 2,050
Restricted Stock Units
→ Voting Common Stock (2,050 underlying)
Footnotes (4)
- [F1]On September 9, 2019, the Reporting Person contributed 28,000 shares to a Grantor Retained Annuity Trust (the "GRAT"). On September 9, 2022, the trustee of the GRAT distributed 6,073 shares to the Reporting Person's Revocable Trust in satisfaction of the GRAT's annuity obligation to the Reporting Person.
- [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, 2023.
- [F4]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.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001373716
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 4:42 PM ET
- Size
- 9.3 KB