Brown Stephanie L 4
4 · LPL Investment Holdings Inc. · Filed Feb 24, 2012
Insider Transaction Report
Form 4
Brown Stephanie L
Managing Director, GC
Transactions
- Exercise/Conversion
Common Stock
2012-02-22+60,843→ 666,827.8 total - Exercise/Conversion
Restricted Stock Units
2012-02-22−60,843→ 0 totalExercise: $0.00→ Common Stock (60,843 underlying) - Tax Payment
Common Stock
2012-02-22$32.60/sh−22,721$740,705→ 644,106.8 total
Footnotes (2)
- [F1]Each stock unit is a bookkeeping entry of which one stock unit is the economic equivalent of one share of Issuer's common stock.
- [F2]Restricted Stock Units are fully vested, except that accounts are forfeited if the holder is terminated for cause. Distribution of units occurs at the earliest to occur of death, disability, change in control (as defined in the 2008 Deferred Compensation Plan) or February 22, 2012. Settlement is made within 90 days of the distribution event (or, with respect to the settlement in 2012, by the end of the calendar year).