0001578563-24-000070.txt : 20240214
0001578563-24-000070.hdr.sgml : 20240214
20240214200359
ACCESSION NUMBER: 0001578563-24-000070
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240212
FILED AS OF DATE: 20240214
DATE AS OF CHANGE: 20240214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Phifer Walter J
CENTRAL INDEX KEY: 0002006943
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 24641592
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]
ORGANIZATION NAME: 02 Finance
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
wk-form4_1707959024.xml
FORM 4
X0508
4
2024-02-12
0
0001462120
Live Oak Bancshares, Inc.
LOB
0002006943
Phifer Walter J
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Financial Officer
0
Voting Common Stock
2024-02-12
4
M
0
195
A
3665
D
Voting Common Stock
2024-02-12
4
F
0
97
39.94
D
3568
D
Restricted Stock Units
2024-02-12
4
M
0
195
0
D
Voting Common Stock
195
195
D
Restricted Stock Units
2024-02-12
4
A
0
10015
0
A
Voting Common Stock
10015
10015
D
Restricted Stock Units
Voting Common Stock
206
206
D
Restricted Stock Units
Voting Common Stock
706
706
D
Restricted Stock Units
Voting Common Stock
6288
6288
D
Employee Stock Option (right to buy)
13.59
2026-02-16
Voting Common Stock
6160
6160
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 pro rata 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.
The RSUs vest in five equal annual installments beginning on February 12, 2025, 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 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 RSUs vest in five pro rata annual installments beginning on December 15, 2022, 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 annual installments beginning on December 9, 2023, 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 February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on each of February 16, 2022 and 2023.
/s/ Jonathan A. Greene, By Power of Attorney
2024-02-14