0001209191-21-007365.txt : 20210203
0001209191-21-007365.hdr.sgml : 20210203
20210203172106
ACCESSION NUMBER: 0001209191-21-007365
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210201
FILED AS OF DATE: 20210203
DATE AS OF CHANGE: 20210203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Janson Susan N
CENTRAL INDEX KEY: 0001737875
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 21587320
MAIL ADDRESS:
STREET 1: C/O LIVE OAK BANCSHARES, INC.
STREET 2: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Live Oak Bancshares, Inc.
CENTRAL INDEX KEY: 0001462120
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 264596286
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
BUSINESS PHONE: 910-790-5867
MAIL ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-02-01
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001737875
Janson Susan N
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Risk Off., Live Oak Bank
Voting Common Stock
2021-02-01
4
S
0
3500
40.0909
D
30460
D
Performance Restricted Stock Units
2028-05-14
Voting Common Stock
18750
18750
D
Restricted Stock Units
Voting Common Stock
10011
10011
D
This transaction was executed in multiple trades at prices ranging from $40.09 to $40.11. 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.
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. In order for the PRSUs to vest, the Company's voting common stock must attain a closing price equal to or greater than $48.00 per share for at least twenty (20) consecutive trading days at any time prior to May 14, 2028.
Each restricted stock unit ("RSU") represents a right to receive one share of the Company's voting common stock.
The RSUs vest in five equal annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date.
/s/ Jonathan A. Greene, by Power of Attorney
2021-02-03