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