0001209191-19-006043.txt : 20190130 0001209191-19-006043.hdr.sgml : 20190130 20190130175534 ACCESSION NUMBER: 0001209191-19-006043 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190129 FILED AS OF DATE: 20190130 DATE AS OF CHANGE: 20190130 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Underwood Neil Lawrence CENTRAL INDEX KEY: 0001337412 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37497 FILM NUMBER: 19553084 MAIL ADDRESS: STREET 1: 1420 CANOOCHEE DRIVE CITY: ATLANTA STATE: GA ZIP: 30319 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Live Oak Bancshares, Inc. CENTRAL INDEX KEY: 0001462120 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 264596286 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINGTON STATE: NC ZIP: 28403 BUSINESS PHONE: 910-790-5867 MAIL ADDRESS: STREET 1: 1741 TIBURON DRIVE CITY: WILMINGTON STATE: NC ZIP: 28403 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-01-29 0 0001462120 Live Oak Bancshares, Inc. LOB 0001337412 Underwood Neil Lawrence 1741 TIBURON DRIVE WILMINGTON NC 28403 1 1 0 0 President Voting Common Stock 2019-01-29 4 P 0 7165 13.88 A 1255434 I By Neil L. Underwood Revocable Trust Voting Common Stock 50000 I By Linda D. Underwood Revocable Trust Performance Restricted Stock Units 2023-03-23 Voting Common Stock 600000 600000 D These shares were previously reported as held by the reporting person directly. This description has been updated to indicate that the shares are held by the reporting person's revocable trust. These shares were previously reported as held by the reporting person's spouse, Linda D. Underwood. This description has been updated to indicate that the shares are held by Mrs. Underwood's revocable trust. Each performance restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The vesting of the performance RSUs was subject to the Company achieving total revenue of at least $100 million for fiscal year 2016. In addition, in order for the RSUs to vest, the Company's voting common stock must attain a closing price equal to or greater than $34.00 per share for at least twenty (20) consecutive trading days at any time prior to March 23, 2023. /s/ Jonathan A. Greene, by Power of Attorney 2019-01-30