0001209191-21-013910.txt : 20210224
0001209191-21-013910.hdr.sgml : 20210224
20210224173334
ACCESSION NUMBER: 0001209191-21-013910
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210222
FILED AS OF DATE: 20210224
DATE AS OF CHANGE: 20210224
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: 21675106
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
2021-02-22
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
31630
D
Restricted Stock Units
2021-02-22
4
A
0
1973
0.00
A
Voting Common Stock
1973
1973
D
Restricted Stock Units
Voting Common Stock
8009
8009
D
Performance Restricted Stock Units
2028-05-14
Voting Common Stock
18750
18750
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
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.
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.
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of the Company's voting common stock.
Eighteen thousand seven hundred fifty of the PRSUs will vest upon the attainment of closing prices of the Company's voting common stock of equal to or greater than $48.00 per share once they are attained for at least twenty (20) consecutive trading days at any time prior to May 14, 2028.
/s/ Jonathan A. Greene, by Power of Attorney
2021-02-24