Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-018455
Date:2020-03-11
Issuer: LIVE OAK BANCSHARES, INC. (LOB)
Original Submission Date:

Reporting Person:

CAMERON WILLIAM HENDERSON
1741 TIBURON DRIVE
WILMINGTON, NC 28403

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
VOTING COMMON STOCK 2020-03-11 P 2,000 a $11.79 137,297 indirect
VOTING COMMON STOCK 2020-03-11 0 $0.00 470 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) voting common stock 2,990 $0.00 2,990 direct
STOCK OPTION (RIGHT TO BUY) 4.4 deemed execution date 0 ( ) 2024-03-26 voting common stock 30,000 $4.40 30,000 direct
Footnotes
IDfootnote
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 vest on may 1, 2020.
f3 the shares subject to this option vest and become exercisable yearly in seven installments beginning on march 26, 2015, as follows: 10% of the shares subject to the option vest on each of march 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vest on each of march 26, 2020 and 2021.
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