Sec Form 3 Filing - CORSAIR CAPITAL MANAGEMENT, L.P. @ Live Oak Acquisition Corp - 2020-10-14

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CORSAIR CAPITAL MANAGEMENT, L.P.
2. Issuer Name and Ticker or Trading Symbol
Live Oak Acquisition Corp [ LOAK.U]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
366 MADISON AVENUE, 12TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
10/14/2020
(Street)
NEW YORK, NY10017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 837,394 I ( 4 ) By: Corsair Capital Partners, L.P.
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 111,847 I ( 4 ) By: Corsair Capital Partners 100, L.P.
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 902,561 I ( 4 ) By: Corsair Select, L.P.
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 118,956 I ( 4 ) By: Corsair Select 100, L.P.
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 90,488 I ( 4 ) By: Corsair Capital Investors, Ltd.
Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) ( 3 ) 122,613 I ( 4 ) By: Corsair Select Master Fund, Ltd.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 46,919 I ( 4 ) By: Corsair Capital Partners, L.P.
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 6,302 I ( 4 ) By: Corsair Capital Partners 100, L.P.
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 45,093 I ( 4 ) By: Corsair Select, L.P.
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 5,944 I ( 4 ) By: Corsair Select 100, L.P.
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 5,065 I ( 4 ) By: Corsair Capital Investors, Ltd.
Warrants $ 11.5 ( 5 ) ( 5 ) Class A Common Stock, par value $0.0001 per share 6,127 I ( 4 ) By: Corsair Select Master Fund, Ltd.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CORSAIR CAPITAL MANAGEMENT, L.P.
366 MADISON AVENUE
12TH FLOOR
NEW YORK, NY10017
X
Signatures
CORSAIR CAPITAL MANAGEMENT, LP.By: Corsair Capital Management GP, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR CAPITAL PARTNERS, L.P.By: Corsair Capital Advisors, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR CAPITAL PARTNERS 100, L.P.By: Corsair Capital Advisors, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR SELECT, L.P.By: Corsair Select Advisors, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR SELECT 100, L.P.By: Corsair Select Advisors, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR CAPITAL INVESTORS, LTD.By: Corsair Capital Management, L.P.,Attorney-in-FactBy: Corsair Capital Management GP, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR SELECT MASTER FUND, LTD.By: Corsair Capital Management, L.P.,Attorney-in-FactBy: Corsair Capital Management GP, L.L.C.,General PartnerBy: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR CAPITAL ADVISORS, L.L.C.,By: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR SELECT ADVISORS, L.L.C.,By: /s/ Jay R. PetschekJay R. Petschek, Managing Member 10/26/2020
Signature of Reporting Person Date
CORSAIR CAPITAL MANAGEMENT GP, L.L.C.By: /s/ Jay R. PetschekJay R. Petschek, Managing Member/s/ Jay R. PetschekJay R. Petschek/s/ Steven MajorSteven Major 10/26/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 3 is filed jointly by Corsair Capital Partners, L.P. ("Corsair Capital"), Corsair Capital Partners 100, L.P. ("Corsair 100"), Corsair Select L.P. ("Corsair Select"), Corsair Select 100 L.P. ("Select 100"), Corsair Capital Investors, Ltd ("Corsair Investors"), Corsair Select Master Fund, Ltd. ("Select Master"), Corsair Capital Management, L.P. ("Corsair Management"), Corsair Capital Advisors, L.L.C. ("Corsair Advisors"), Corsair Select Advisors, L.L.C. ("Corsair Select Advisors"), Corsair Capital Management GP, L.L.C. ("Corsair GP"), Jay Petschek and Steven Major (collectively, the "Reporting Persons").
( 2 )Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Class A Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 3 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
( 3 )A portion of the reported Class A Common Stock are included within the Issuer's units held by the Reporting Persons. Each unit consists of one share of the Issuer's Class A Common Stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of the Issuer's Class A Common Stock.
( 4 )Securities owned directly by the fund entity listed. Corsair Advisors, as the general partner of Corsair Capital and Corsair 100, Corsair Select Advisors, as the general partner of Corsair Select and Select 100, and Corsair Management, as the investment manager of Corsair Capital, Corsair 100, Corsair Select, Select 100, Corsair Investors and Select Master, may be deemed to beneficially own the securities owned directly by such fund entities, respectively. Corsair GP, as the general partner of Corsair Management, and Messrs. Petschek and Major, as the controlling persons of Corsair GP, may be deemed to beneficially own the securities owned directly by such fund entities.
( 5 )The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination and 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation. A portion of the reported warrants are included within the Issuer's units described in Footnote 3 above.

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