0001209191-23-012830.txt : 20230224
0001209191-23-012830.hdr.sgml : 20230224
20230224172833
ACCESSION NUMBER: 0001209191-23-012830
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230223
FILED AS OF DATE: 20230224
DATE AS OF CHANGE: 20230224
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SUTHERLAND JOHN W.
CENTRAL INDEX KEY: 0001635154
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 23668818
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
2023-02-23
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001635154
SUTHERLAND JOHN W.
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Accounting Officer
Voting Common Stock
2023-02-23
4
M
0
178
A
76331
D
Voting Common Stock
2023-02-23
4
F
0
62
34.72
D
76269
D
Restricted Stock Units
2023-02-23
4
M
0
178
0.00
D
Voting Common Stock
178
533
D
Restricted Stock Units
Voting Common Stock
921
921
D
Restricted Stock Units
Voting Common Stock
1264
1264
D
Restricted Stock Units
Voting Common Stock
3356
3356
D
Employee Stock Option (right to buy)
17.00
2025-07-22
Voting Common Stock
3000
3000
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.
460 of the RSUs will vest on February 10, 2022 and 2024; and 461 of the RSUs will vest on February 10, 2023 and 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 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five pro rata installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
The shares subject to this option vested and became exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022.
/s/ Jonathan A. Greene, by Power of Attorney
2023-02-24