0001209191-23-009592.txt : 20230214
0001209191-23-009592.hdr.sgml : 20230214
20230214211617
ACCESSION NUMBER: 0001209191-23-009592
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: Spencer Courtney
CENTRAL INDEX KEY: 0001937224
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 23633342
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
0001937224
Spencer Courtney
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Experience Officer
Voting Common Stock
2023-02-10
4
M
0
2002
A
8676
D
Voting Common Stock
2023-02-10
4
F
0
696
34.34
D
7980
D
Voting Common Stock
152
I
By Spouse
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
14224
0.00
A
Voting Common Stock
14224
14224
D
Restricted Stock Units
Voting Common Stock
7900
7900
D
Restricted Stock Units
Voting Common Stock
8000
8000
D
Restricted Stock Units
Voting Common Stock
360
360
D
Stock Option (right to buy)
13.59
2026-02-16
Voting Common Stock
14000
14000
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, 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.
2,000 of the RSUs will vest on each of February 22, 2023, 2024, 2025, and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
The remaining 360 RSUs will vest on November 19, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
The shares subject to this option vest and become exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on February 16, 2022; and 25% of the shares subject to the option vest on February 16, 2023.
/s/ Jonathan A. Greene, by Power of Attorney
2023-02-14