LPL Financial Holdings Inc. 4
4 · LPL Financial Holdings Inc. · Filed Mar 15, 2017
Insider Transaction Report
Form 4
Morrissey William P. Jr.
MD, Independent Advisor Svcs
Transactions
- Award
Common Stock
2017-03-13+3,468→ 17,541 total - Award
Option to purchase Common Stock
2017-03-13+12,137→ 12,137 totalExercise: $39.48Exp: 2027-03-13→ Common Stock (12,137 underlying)
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 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.
- [F2]Consists of (i) 5,831 shares of Common Stock; (ii) 666 restricted stock units that vest in full on March 6, 2018; (iii) 4,465 restricted stock units that vest ratably on each of February 25, 2018 and February 25, 2019; (iv) 3,111 restricted stock units that vest in full on February 25, 2019; and (v) the restricted stock units reported on this Form 4.
- [F3]This option becomes exercisable in three equal annual installments on each of March 13, 2018, March 13, 2019 and March 13, 2020.