LPL Financial Holdings Inc. 4
4 · LPL Financial Holdings Inc. · Filed Feb 26, 2014
Insider Transaction Report
Form 4
Bergers David P.
MD, Legal & Gov't Relations
Transactions
- Award
Option to purchase common stock
2014-02-24+6,912→ 6,912 totalExercise: $54.81Exp: 2024-02-24→ Common Stock (6,912 underlying) - Award
Common Stock
2014-02-24+1,122→ 45,313 total
Footnotes (3)
- [F1]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.
- [F2]Consists of (i) 6,313 restricted stock units that vest ratably on August 5, 2014, August 5, 2015, August 5,2016 and August 5, 2017; (ii) 37,878 restricted stock units that vest in full on August 5, 2015; and (iii) the reported restricted stock units on this Form 4.
- [F3]This option becomes exercisable in three equal annual installments on each of February 24, 2015, February 24, 2016 and February 24, 2017.