William Henderson Cameron - 11 May 2021 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role: Director
Signature: /s/ Jonathan A. Greene, by Power of Attorney
Issuer symbol: LOB
Transactions as of: 11 May 2021
Net transactions value: $0
Form type: 4
Filing time: 12 May 2021, 18:49:24 UTC
Next filing: 27 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LOB	Voting Common Stock						154,697	11 May 2021	By William H. Cameron Revocable Trust	F1
holding	LOB	Voting Common Stock						470	11 May 2021	By GST-Exempt Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOB	Restricted Stock Units	Award	$0	+1,229		$0.000000	1,229	11 May 2021	Voting Common Stock	1,229		Direct	F2, F3
holding	LOB	Stock Option (right to buy)						30,000	11 May 2021	Voting Common Stock	30,000	$4.40	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 4,160 shares of the Issuer's voting common stock that were previously reported as directly owned by the Reporting Person.
F2	Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
F3	The restricted stock units vest on May 1, 2022.
F4	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.