LPL Financial Holdings Inc. 4
4 · LPL Financial Holdings Inc. · Filed Feb 25, 2014
Insider Transaction Report
Form 4
Bruton Derek
MD, National Sales Manager
Transactions
- Tax Payment
Common Stock
2014-02-22$54.25/sh−437$23,707→ 7,432 total - Award
Common Stock
2014-02-24+1,970→ 9,402 total - Award
Option to purchase common stock
2014-02-24+12,139→ 12,139 totalExercise: $54.81Exp: 2024-02-24→ Common Stock (12,139 underlying)
Footnotes (3)
- [F1]Consists of (i) 724 shares of Common Stock; (ii) 3,484 restricted stock units that vest ratably on February 22, 2015, February 22, 2016 and February 22, 2017; and (iii) 3,224 restricted stock units that vest in full on February 25, 2015.
- [F2]These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 24, 2015, February 24, 2016 and February 24, 2017. Vested shares will be issued to the reporting person as soon as practicable after the applicable vesting date.
- [F3]This option becomes exercisable in three equal annual installments on each of February 24, 2015, February 24, 2016 and February 24, 2017.