Form 4 for LOB Live Oak Bancshares, Inc.
Accepted 2022-02-14 00:00:00 ET · period of report 2022-02-10 · accession 0001209191-22-009488 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-02-14 | 2022-02-10 | LOB | Smits Steve | Chief Credit Off | M - OptEx | — | +3,003 | 170.0K | +2% | — |
| DI | 2022-02-14 | 2022-02-10 | LOB | Smits Steve | Chief Credit Off | F - Tax | $61.65 | -961 | 169.0K | -0.6% | -$59.2K |
| D | 2022-02-14 | 2022-02-10 | LOB | Smits Steve | Chief Credit Off | M - OptEx | $0.00 | -3,003 | 9,010 | -25% | $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 | 2022-02-10 | M | A | 3,003 | — | 169,969.98 | I By Steven Joseph Smits Revocable Trust | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. (F2) Includes 166,966.978 shares of the Company's voting common stock that were previously reported as directly owned by the Reporting Person. |
| 2 | Common | Voting Common Stock | 2022-02-10 | F | D | 961 | $61.65 | 169,008.98 | I By Steven Joseph Smits Revocable Trust | — | — | |
| 3 | Derivative | Restricted Stock Units | 2022-02-10 | M | D | 3,003 | $0.00 | 9,010 | D | — · — to — | 3,003 Voting Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. (F3) 3,003 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 3,004 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. |