Petty Miltom Emmett 4
4 · Live Oak Bancshares, Inc. · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Petty Miltom Emmett
Director
Transactions
- Exercise/Conversion
Voting Common Stock
2024-02-29$4.40/sh+30,000$132,000→ 131,941 total - Sale
Voting Common Stock
2024-02-29$39.73/sh−10,000$397,252→ 121,941 total - Exercise/Conversion
Stock Option (right to buy)
2024-02-29−30,000→ 0 totalExercise: $4.40Exp: 2024-03-26→ Voting Common Stock (30,000 underlying)
Holdings
- 3,625
Restricted Stock Units
→ Voting Common Stock (3,625 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $39.535 to $39.86. 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 transactions were effected.
- [F2]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.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
- [F4]The restricted stock units vest on May 1, 2024.