0001209191-23-009590.txt : 20230214
0001209191-23-009590.hdr.sgml : 20230214
20230214211243
ACCESSION NUMBER: 0001209191-23-009590
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230210
FILED AS OF DATE: 20230214
DATE AS OF CHANGE: 20230214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Seward Gregory W
CENTRAL INDEX KEY: 0001656656
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 23633338
MAIL ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
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
2023-02-10
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001656656
Seward Gregory W
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
General Counsel
Voting Common Stock
2023-02-10
4
M
0
2002
A
84114
D
Voting Common Stock
2023-02-10
4
F
0
696
34.34
D
83418
D
Restricted Stock Units
2023-02-10
4
M
0
2002
0.00
D
Voting Common Stock
2002
4005
D
Restricted Stock Units
2023-02-13
4
A
0
59743
0.00
A
Voting Common Stock
59743
59743
D
Restricted Stock Units
Voting Common Stock
11850
11850
D
Restricted Stock Units
Voting Common Stock
4000
4000
D
Employee Stock Option (right to buy)
14.55
2025-11-19
Voting Common Stock
16500
16500
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five pro rata installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
The shares subject to this option vested and became exercisable yearly in seven installments beginning on November 19, 2016, as follows: 10% of the shares subject to the option vested on each of November 19, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on November 19, 2021; and 25% of the shares subject to the option vested on November 19, 2022.
/s/ Jonathan A. Greene, by Power of Attorney
2023-02-14