0001209191-22-010269.txt : 20220216 0001209191-22-010269.hdr.sgml : 20220216 20220216180106 ACCESSION NUMBER: 0001209191-22-010269 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220214 FILED AS OF DATE: 20220216 DATE AS OF CHANGE: 20220216 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Seward Gregory W CENTRAL INDEX KEY: 0001656656 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 22644938 MAIL ADDRESS: STREET 1: 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 2022-02-14 0 0001462120 Live Oak Bancshares, Inc. LOB 0001656656 Seward Gregory W 1741 TIBURON DRIVE WILMINGTON NC 28403 0 1 0 0 General Counsel Voting Common Stock 81401 D Restricted Stock Units 2022-02-14 4 A 0 11850 0.00 A Voting Common Stock 11850 11850 D Restricted Stock Units Voting Common Stock 6007 6007 D Restricted Stock Units Voting Common Stock 5000 5000 D Employee Stock Option (right to buy) 14.55 2025-11-19 Voting Common Stock 16500 16500 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 14, 2023, 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. 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. 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; 25% of the shares subject to the option vested on November 19, 2021; and 25% of the shares subject to the option will vest on November 19, 2022. /s/ Jonathan A. Greene, by Power of Attorney 2022-02-16