Live Oak Bancshares, Inc. |
(Name of Issuer) |
Voting Common Stock, no par value per share |
(Title of Class of Securities) |
53803X105 |
(CUSIP Number) |
December 31, 2017 |
(Date of Event Which Requires Filing of this Statement) |
1. | Name of Reporting Person | ||||
I.R.S. Identification No. of Above Person (Entities Only) | |||||
James S. Mahan III | |||||
2. | Check the Appropriate Box if a Member of a Group | ||||
(a) _____ | |||||
(b) _____ | |||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization | ||||
United States of America | |||||
Number of Shares Beneficially Owned By Each Reporting Person with | 5. | Sole Voting Power | |||
3,001,7081 | |||||
6. | Shared Voting Power | ||||
3,098,7702 | |||||
7. | Sole Dispositive Power | ||||
3,001,7081 | |||||
8. | Shared Dispositive Power | ||||
3,098,7702 | |||||
9. | Aggregate Amount Beneficially Owned by Each | ||||
Reporting Person | |||||
6,100,478 |
10. | Check Box if the Aggregate Amount in Row (9) Excludes | |||
Certain Shares | ||||
[ ] | ||||
11. | Percent of Class Represented by Amount in Row (90) | |||
17.3%3 | ||||
12. | Type of Reporting Person | |||
IN | ||||
1. | Name of Reporting Person | ||||
I.R.S. Identification No. of Above Person (Entities Only) | |||||
Marguerite D. Mahan | |||||
2. | Check the Appropriate Box if a Member of a Group | ||||
(a) _____ | |||||
(b) _____ | |||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization | ||||
United States of America | |||||
Number of Shares Beneficially Owned By Each Reporting Person with | 5. | Sole Voting Power | |||
2,898,7704 | |||||
6. | Shared Voting Power | ||||
3,201,7085 | |||||
7. | Sole Dispositive Power | ||||
2,898,7704 | |||||
8. | Shared Dispositive Power | ||||
3,201,7085 | |||||
9. | Aggregate Amount Beneficially Owned by Each | ||||
Reporting Person | |||||
6,100,478 |
10. | Check Box if the Aggregate Amount in Row (9) Excludes | |||
Certain Shares | ||||
[ ] | ||||
11. | Percent of Class Represented by Amount in Row (90) | |||
17.3%3 | ||||
12. | Type of Reporting Person | |||
IN | ||||
1. | Name of Reporting Person | ||||
I.R.S. Identification No. of Above Person (Entities Only) | |||||
James S. Mahan III Revocable Trust | |||||
2. | Check the Appropriate Box if a Member of a Group | ||||
(a) _____ | |||||
(b) _____ | |||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization | ||||
United States of America | |||||
Number of Shares Beneficially Owned By Each Reporting Person with | 5. | Sole Voting Power | |||
3,001,708 | |||||
6. | Shared Voting Power | ||||
0 | |||||
7. | Sole Dispositive Power | ||||
3,001,708 | |||||
8. | Shared Dispositive Power | ||||
0 | |||||
9. | Aggregate Amount Beneficially Owned by Each | ||||
Reporting Person | |||||
3,001,708 |
10. | Check Box if the Aggregate Amount in Row (9) Excludes | |||
Certain Shares | ||||
[ ] | ||||
11. | Percent of Class Represented by Amount in Row (90) | |||
8.5%3 | ||||
12. | Type of Reporting Person | |||
OO | ||||
1. | Name of Reporting Person | ||||
I.R.S. Identification No. of Above Person (Entities Only) | |||||
Marguerite D. Mahan Revocable Trust | |||||
2. | Check the Appropriate Box if a Member of a Group | ||||
(a) _____ | |||||
(b) _____ | |||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization | ||||
United States of America | |||||
Number of Shares Beneficially Owned By Each Reporting Person with | 5. | Sole Voting Power | |||
2,898,770 | |||||
6. | Shared Voting Power | ||||
0 | |||||
7. | Sole Dispositive Power | ||||
2,898,770 | |||||
8. | Shared Dispositive Power | ||||
0 | |||||
9. | Aggregate Amount Beneficially Owned by Each | ||||
Reporting Person | |||||
2,898,770 |
10. | Check Box if the Aggregate Amount in Row (9) Excludes | |||
Certain Shares | ||||
[ ] | ||||
11. | Percent of Class Represented by Amount in Row (90) | |||
8.2%3 | ||||
12. | Type of Reporting Person | |||
OO | ||||
Item 1(a) | Name of Issuer |
Item 1(b) | Address of Issuer’s Principal Executive Offices |
Item 2(a) | Name of Person Filing |
Item 2(b) | Address of Principal Business Office, or if none, Residence |
Item 2(c) | Citizenship |
Item 2(d) | Title of Class of Securities |
Item 2(e) | CUSIP Number |
Item 3. | Filing pursuant to Rules 13d-1(b) or 13d-2(b) or (c) |
Item 4. | Ownership |
(a) | Amount Beneficially Owned: |
James S. Mahan III | 6,100,478 |
Marguerite D. Mahan | 6,100,478 |
James S. Mahan III Revocable Trust | 3,001,708 |
Marguerite D. Mahan Revocable Trust | 2,898,770 |
(b) | Percent of Class:3 |
James S. Mahan III | 17.3 | % |
Marguerite D. Mahan | 17.3 | % |
James S. Mahan III Revocable Trust | 8.5 | % |
Marguerite D. Mahan Revocable Trust | 8.2 | % |
(c) | Number of shares as to which the person has: |
(i) | sole power to vote or direct the vote: |
James S. Mahan III | 3,001,708 |
Marguerite D. Mahan | 2,898,770 |
James S. Mahan III Revocable Trust | 3,001,708 |
Marguerite D. Mahan Revocable Trust | 2,898,770 |
(ii) | shared power to vote or direct the vote: |
James S. Mahan III | 3,098,770 |
Marguerite D. Mahan | 3,201,708 |
James S. Mahan III Revocable Trust | 0 |
Marguerite D. Mahan Revocable Trust | 0 |
(iii) | sole power to dispose or direct the disposition of: |
James S. Mahan III | 3,001,708 |
Marguerite D. Mahan | 2,898,770 |
James S. Mahan III Revocable Trust | 3,001,708 |
Marguerite D. Mahan Revocable Trust | 2,898,770 |
(iv) | shared power to dispose or direct the disposition of: |
James S. Mahan III | 3,098,770 |
Marguerite D. Mahan | 3,201,708 |
James S. Mahan III Revocable Trust | 0 |
Marguerite D. Mahan Revocable Trust | 0 |
Item 5. | Ownership of Five Percent or Less of a Class |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
Item 8. | Identification and Classification of Members of the Group |
Item 9. | Notice of Dissolution of Group |
Item 10. | Certification |
Date: February 12, 2018 | /s/ James S. Mahan III |
James S. Mahan III | |
Date: February 12, 2018 | /s/ Marguerite D. Mahan |
Marguerite D. Mahan | |
Date: February 12, 2018 | JAMES S. MAHAN III REVOCABLE TRUST |
By: /s/ James S. Mahan III | |
Name: James S. Mahan III | |
Title: Trustee | |
Date: February 12, 2018 | MARGUERITE D. MAHAN REVOCABLE TRUST |
By: /s/ Marguerite D. Mahan | |
Name: Marguerite D. Mahan | |
Title: Trustee |
Exhibit No. | Description | |
99.1 | Joint Filing Agreement* |