William Henderson Cameron - Dec 14, 2021 Form 4 Insider Report for Live Oak Bancshares, Inc. (LOB)

Role
Director
Signature
/s/ Jonathan A. Greene, by Power of Attorney
Stock symbol
LOB
Transactions as of
Dec 14, 2021
Transactions value $
$0
Form type
4
Date filed
12/20/2021, 04:21 PM
Previous filing
Jan 27, 2022
Next filing
May 3, 2022

Transactions Table

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

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

Explanation of Responses:

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.