Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Voting Common Stock | Gift | $0 | +2.95K | +1.88% | $0.00 | 160K | Sep 8, 2021 | By William H. Cameron Revocable Trust | F1 |
holding | LOB | Voting Common Stock | 470 | Sep 8, 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 | Sep 8, 2021 | Voting Common Stock | 1.23K | Direct | F2, F3 | ||||||
holding | LOB | Stock Option (right to buy) | 30K | Sep 8, 2021 | Voting Common Stock | 30K | $4.40 | Direct | F4 |
Id | Content |
---|---|
F1 | On September 9, 2019, the Reporting Person contributed 28,000 shares to a Grantor Retained Annuity Trust (the "GRAT"). On September 8, 2021, the trustee of the GRAT distributed 2,950 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. |