Form 4 for LOB Live Oak Bancshares, Inc.
Accepted 2021-12-15 00:00:00 ET · period of report 2021-12-13 · accession 0001209191-21-069803 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-12-15 | 2021-12-13+ | LOB | Seward Gregory W | GC | M - OptEx | $14.55 | +8,500 | 80.1K | +12% | +$123.7K |
| D | 2021-12-15 | 2021-12-13 | LOB | Seward Gregory W | GC | F - Tax | $84.40 | -1,379 | 79.6K | -2% | -$116.4K |
| DM | 2021-12-15 | 2021-12-13+ | LOB | Seward Gregory W | GC | M - OptEx | $0.00 | -8,500 | 17.0K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Voting Common Stock | 2021-12-13 | M | A | 8,000 | $14.55 | 80,955 | D | — | — | (F1) Reflects the exercise of a Live Oak Bancshares, Inc. (the "Company") employee stock option for a total of 8,000 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and any applicable related withholding taxes. The price of $84.40 in column 4 is the closing price of the Company's voting common stock as of December 13, 2021. |
| 2 | Common | Voting Common Stock | 2021-12-13 | F | D | 1,379 | $84.40 | 79,576 | D | — | — | (F1) Reflects the exercise of a Live Oak Bancshares, Inc. (the "Company") employee stock option for a total of 8,000 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and any applicable related withholding taxes. The price of $84.40 in column 4 is the closing price of the Company's voting common stock as of December 13, 2021. |
| 3 | Common | Voting Common Stock | 2021-12-14 | M | A | 500 | $14.55 | 80,076 | D | — | — | |
| 4 | Derivative | Employee Stock Option (right to buy) | 2021-12-14 | M | D | 500 | $0.00 | 16,500 | D | $14.55 · — to 2025-11-19 | 500 Voting Common Stock | (F2) 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. |
| 5 | Derivative | Employee Stock Option (right to buy) | 2021-12-13 | M | D | 8,000 | $0.00 | 17,000 | D | $14.55 · — to 2025-11-19 | 8,000 Voting Common Stock | (F2) 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. |