Thorpe Allen R 4
4 · LPL Financial Holdings Inc. · Filed Nov 13, 2012
Insider Transaction Report
Form 4
Thorpe Allen R
Director
Transactions
- Award
Common Stock, par value $0.001 per share
2012-11-08+1,785→ 1,785 total
Footnotes (3)
- [F1]These shares represent restricted stock that was granted under the Issuer's 2010 Omnibus Equity Incentive Plan. Mr. Thorpe holds these shares for the benefit of Hellman & Friedman LP ("H&F LP") and Hellman & Friedman LLC ("H&F LLC"). H&F LLC is the sole general partner of H&F LP and each of H&F LP, H&F LLC and the H&F Funds (as defined below) is a director by deputization of the Issuer. This restricted stock shall be fully vested on the second anniversary of the transaction date. The proceeds of any disposition of these shares will be applied against management fees payable pursuant to the applicable partnership agreement of Hellman & Friedman Capital Partners V, L.P. ("HFCP V") and Hellman & Friedman Capital Partners V (Parallel), L.P. ("HFCP V Parallel" and, together with HFCP V, the "H&F Funds"). The amount of securities beneficially owned by Mr. Thorpe following the reported transaction reflects prior transfers of shares to H&F LP.
- [F2]Hellman & Friedman Investors V, L.P. ("Investors V" and, collectively with the H&F Funds, H&F LP and H&F LLC, the "H&F Entities") is the sole general partner of each of the H&F Funds. H&F LLC is the sole general partner of Investors V.
- [F3]A five member investment committee of H&F LLC has investment discretion over these shares. Mr. Thorpe is a managing director of H&F LLC, but he is not a member of the investment committee. Mr. Thorpe disclaims beneficial ownership of the Common Stock beneficially owned by the H&F Entities (including the shares of restricted stock referred to in note 1. above), except to the extent of his pecuniary interest therein, if any.