William Henderson Cameron - Dec 15, 2022 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 15, 2022
Transactions value $
$30,445
Form type
4
Date filed
12/19/2022, 04:20 PM
Previous filing
Sep 15, 2022
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOB Voting Common Stock Purchase $30.4K +1K +0.6% $30.45 167K Dec 15, 2022 By William H. Cameron Revocable Trust F1
holding LOB Voting Common Stock 1.23K Dec 15, 2022 Direct
holding LOB Voting Common Stock 470 Dec 15, 2022 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 2.05K Dec 15, 2022 Voting Common Stock 2.05K Direct F2, F3
holding LOB Stock Option (right to buy) 30K Dec 15, 2022 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 This transaction was executed in multiple trades at prices ranging from $30.43 to $30.446. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
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, 2023.
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.