4//SEC Filing
LPL Financial Holdings Inc. 4
Accession 0001397911-17-000069
$LPLACIK 0001397911operating
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 9:07 PM ET
Size
13.3 KB
Accession
0001397911-17-000069
Insider Transaction Report
Form 4
Calder Tracy
MD, Deputy Chief Risk Officer
Transactions
- Award
Option to purchase Common Stock
2017-03-13+8,443→ 8,443 totalExercise: $39.48Exp: 2027-03-13→ Common Stock (8,443 underlying) - Exercise/Conversion
Common Stock
2017-03-13$19.85/sh+9,561$189,786→ 34,165 total - Sale
Common Stock
2017-03-13$39.31/sh−6,465$254,117→ 27,700 total - Award
Common Stock
2017-03-13+2,412→ 30,112 total - Exercise/Conversion
Option to purchase Common Stock
2017-03-13−9,561→ 19,120 totalExercise: $19.85Exp: 2026-02-25→ Common Stock (9,561 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.15 to $39.535, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes to this Form 4.
- [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 March 13, 2018, March 13, 2019 and March 13, 2020. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- [F3]Consists of (i) 3,864 shares of Common Stock; (ii) 21,494 restricted stock units that vest ratably on each February 25, 2018 and February 25, 2019; (iii) 2,342 restricted stock units that vest ratably on each February 25, 2018 and February 25, 2019; and (iv) the restricted stock units reported on this Form 4.
- [F4]This option became exercisable 9,561 shares on February 25, 2017, which was the first anniversary of the grant date. The remaining shares become exercisable ratably on each of February 25, 2018 and February 25, 2019.
- [F5]This option becomes exercisable in three equal annual installments on each of March 13, 2018, March 13, 2019 and March 13, 2020.
Documents
Issuer
LPL Financial Holdings Inc.
CIK 0001397911
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001397911
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 9:07 PM ET
- Size
- 13.3 KB