Accession Number: | 0001209191-21-067869 |
Date: | 2021-12-01 |
Issuer: | LIVE OAK BANCSHARES, INC. (LOB) |
Original Submission Date: |
SEWARD GREGORY W
1741 TIBURON DRIVE
WILMINGTON, NC 28403
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
VOTING COMMON STOCK | 2021-12-01 | M | 5,000 | a | $14.55 | 78,180 | direct | ||
VOTING COMMON STOCK | 2021-12-01 | S | 5,000 | d | $91.50 | 73,180 | direct | ||
VOTING COMMON STOCK | 2021-12-03 | G | 225 | d | $0.00 | 72,955 | direct |
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 Exercisable | Expiration 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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 14.55 | 2021-12-01 | deemed execution date | M | 5,000 (d) | 2025-11-19 | voting common stock 5,000 | $14.55 | 25,000 | direct | ||
RESTRICTED STOCK UNITS | 0.0 | deemed execution date | 0 ( ) | voting common stock 8,009 | $0.00 | 8,009 | direct | |||||
RESTRICTED STOCK UNITS | 0.0 | deemed execution date | 0 ( ) | voting common stock 5,000 | $0.00 | 5,000 | direct |
ID | footnote |
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f1 | this transaction was executed in multiple trades at prices ranging from $91.32 to $91.96. 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 trades were effected. |
f2 | the shares subject to this option vest and become exercisable yearly in seven installments beginning on november 19, 2016, as follows: 10% of the shares subject to the option vested on each of november 19, 2016, 2017, 2018, 2019,and 2020; and 25% of the shares subject to the option vest on each of november 19, 2021 and 2022. |
f3 | each restricted stock unit ("rsu") represents a contingent right to receive one share of live oak bancshares, inc. (the "company") voting common stock. |
f4 | 2,002 of the rsus will vest on each of february 10, 2022, 2023, and 2024; and 2,003 of the rsus will vest on february 10, 2025, subject to the reporting person's continuous service to the company or a related entity on such date. |
f5 | the rsus vest in five equal annual installments beginning on february 22, 2022, subject to the reporting person's continuous service to the company or a related entity on such date. |