LPL Financial Holdings Inc. 4
4 · LPL Financial Holdings Inc. · Filed Feb 29, 2016
Insider Transaction Report
Form 4
Bergers David P.
MD, Legal & Gov't Relations
Transactions
- Award
Common Stock
2016-02-25+5,490→ 39,453 total - Award
Common Stock
2016-02-25+3,111→ 42,564 total - Award
Option to purchase Common Stock
2016-02-25+44,814→ 44,814 totalExercise: $19.85Exp: 2026-02-25→ Common Stock (44,814 underlying)
Footnotes (4)
- [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 25, 2017, February 25, 2018 and February 25, 2019. Vested shares will be issued to the reporting person as soon as practicable after the applicable vesting date.
- [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 vest in full on February 25, 2019. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- [F3]Consists of (i) 23,108 shares of Common Stock; (ii) 3,156 restricted stock units that vest ratably on each of August 5, 2016 and August 5, 2017; (iii) 374 restricted stock units that vest in full on February 24, 2017; (iv) 4,032 restricted stock units that vest ratably on each of August 5, 2016, August 5, 2017 and August 5, 2018; (v) 3,293 restricted stock units that vest ratably on March 6, 2016, March 6, 2017, and March 6, 2018; and (vi) the restricted stock units reported on this Form 4.
- [F4]This option becomes exercisable in three equal annual installments on each of February 25, 2017, February 25, 2018 and February 25, 2019.