Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Gift | $0 | +2.5K | +1.61% | $0.00 | 157K | Dec 14, 2021 | By William H. Cameron Revocable Trust | F1 |
holding | LOB | Voting Common Stock | 470 | Dec 14, 2021 | By GST-Exempt Trust |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | LOB | Restricted Stock Units | 1.23K | Dec 14, 2021 | Voting Common Stock | 1.23K | Direct | F2, F3 | ||||||
holding | LOB | Stock Option (right to buy) | 30K | Dec 14, 2021 | Voting Common Stock | 30K | $4.40 | Direct | F4 |
Id | Content |
---|---|
F1 | On December 13, 2018, the Reporting Person contributed 33,000 shares to a Grantor Retained Annuity Trust (the "GRAT"). On December 14, 2021, the trustee of the GRAT distributed 2,497 shares to the Reporting Person's Revocable Trust in satisfaction of the GRAT's annuity obligation to 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. |