0001578563-24-000154.txt : 20240304
0001578563-24-000154.hdr.sgml : 20240304
20240304172652
ACCESSION NUMBER: 0001578563-24-000154
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Petty Miltom Emmett
CENTRAL INDEX KEY: 0001647098
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 24716160
MAIL ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINTON
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_1709591191.xml
FORM 4
X0508
4
2024-02-29
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001647098
Petty Miltom Emmett
1741 TIBURON DRIVE
WILMINGTON
NC
28403
1
0
0
0
0
Voting Common Stock
2024-02-29
4
M
0
30000
4.40
A
131941
D
Voting Common Stock
2024-02-29
4
S
0
10000
39.7252
D
121941
D
Stock Option (right to buy)
4.40
2024-02-29
4
M
0
30000
0
D
2024-03-26
Voting Common Stock
30000
0
D
Restricted Stock Units
Voting Common Stock
3625
3625
D
This transaction was executed in multiple trades at prices ranging from $39.535 to $39.86. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
The shares subject to this option vested and became exercisable yearly in seven installments beginning on March 26, 2015, as follows: 10% of the shares subject to the option vested on each of March 26, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of March 26, 2020 and 2021.
Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
The restricted stock units vest on May 1, 2024.
/s/ Jonathan A. Greene, By Power of Attorney
2024-03-04