SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
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.

(Last) (First) (Middle)
366 MADISON AVENUE
12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/14/2020
3. Issuer Name and Ticker or Trading Symbol
Live Oak Acquisition Corp [ LOAK.U ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
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 Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 46,919 11.5 I(4) By: Corsair Capital Partners, L.P.
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 6,302 11.5 I(4) By: Corsair Capital Partners 100, L.P.
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 45,093 11.5 I(4) By: Corsair Select, L.P.
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 5,944 11.5 I(4) By: Corsair Select 100, L.P.
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 5,065 11.5 I(4) By: Corsair Capital Investors, Ltd.
Warrants (5) (5) Class A Common Stock, par value $0.0001 per share 6,127 11.5 I(4) By: Corsair Select Master Fund, Ltd.
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.
CORSAIR CAPITAL MANAGEMENT, LP. By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR CAPITAL PARTNERS, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR CAPITAL PARTNERS 100, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR SELECT, L.P. By: Corsair Select Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR SELECT 100, L.P. By: Corsair Select Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR CAPITAL INVESTORS, LTD. By: Corsair Capital Management, L.P., Attorney-in-Fact By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR SELECT MASTER FUND, LTD. By: Corsair Capital Management, L.P., Attorney-in-Fact By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR CAPITAL ADVISORS, L.L.C., By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR SELECT ADVISORS, L.L.C., By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member 10/26/2020
CORSAIR CAPITAL MANAGEMENT GP, L.L.C. By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member /s/ Jay R. Petschek Jay R. Petschek /s/ Steven Major Steven Major 10/26/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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