0001578563-24-000105.txt : 20240216
0001578563-24-000105.hdr.sgml : 20240216
20240216175754
ACCESSION NUMBER: 0001578563-24-000105
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240214
FILED AS OF DATE: 20240216
DATE AS OF CHANGE: 20240216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Seward Gregory W
CENTRAL INDEX KEY: 0001656656
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 24649866
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_1708124254.xml
FORM 4
X0508
4
2024-02-14
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001656656
Seward Gregory W
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
General Counsel
0
Voting Common Stock
2024-02-14
4
M
0
11948
A
100382
D
Voting Common Stock
2024-02-14
4
F
0
5353
38.55
D
95029
D
Voting Common Stock
2024-02-15
4
M
0
2370
A
97399
D
Voting Common Stock
2024-02-15
4
F
0
1072
39.21
D
96327
D
Restricted Stock Units
2024-02-14
4
M
0
11948
0
D
Voting Common Stock
11948
47795
D
Restricted Stock Units
2024-02-15
4
M
0
2370
0
D
Voting Common Stock
2370
7110
D
Restricted Stock Units
Voting Common Stock
2003
2003
D
Restricted Stock Units
Voting Common Stock
3000
3000
D
Restricted Stock Units
Voting Common Stock
13770
13770
D
Employee Stock Option (right to buy)
14.55
2025-11-19
Voting Common Stock
13500
13500
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 13, 2024, 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.
2,002 of the RSUs vested on each of February 10, 2022 and 2023, and 2002 of the RSUs vested on February 12, 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 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 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 each of November 19, 2021 and November 19, 2022.
/s/ Jonathan A. Greene, By Power of Attorney
2024-02-16