Diane Beth Glossman - Jan 25, 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
Jan 25, 2022
Transactions value $
$79,755
Form type
4
Date filed
1/27/2022, 04:27 PM
Previous filing
Nov 22, 2021
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 Options Exercise $79.8K +7.5K +13.82% $10.63 61.8K Jan 25, 2022 Direct

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 Stock Option (right to buy) Options Exercise $0 -7.5K -100% $0.00* 0 Jan 25, 2022 Voting Common Stock 7.5K $10.63 Direct F1
holding LOB Restricted Stock Units 1.23K Jan 25, 2022 Voting Common Stock 1.23K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares subject to this option vested and became exercisable yearly in seven installments beginning on September 19, 2015, as follows: 10% of the shares subject to the option vested on each of September 19, 2015, 2016, 2017, 2018, and 2019; and 25% of the shares subject to the option vested on each of September 19, 2020 and 2021.
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.