4//SEC Filing
LPL Financial Holdings Inc. 4
Accession 0001397911-17-000127
$LPLACIK 0001397911operating
Filed
May 21, 8:00 PM ET
Accepted
May 22, 9:35 PM ET
Size
9.6 KB
Accession
0001397911-17-000127
Insider Transaction Report
Form 4
Hellman Marco
Director
Transactions
- Award
Common Stock
2017-05-18+3,199→ 3,199 total - Award
Common Stock
2017-05-18+1,968→ 5,167 total
Holdings
- 1,885,143(indirect: See Footnote)
Common Stock
Footnotes (6)
- [F1]Mr. Hellman is the Managing Member of HMI Capital, LLC ("HMI LLC"), which is the general partner and investment adviser of HMI Capital Partners, L.P. and Merckx Capital Partners, L.P. (collectively the "Funds"). These securities are held directly by HMI LLC for the benefit of the Funds and, in turn, for the benefit of investors in the Funds. The securities may be deemed to be indirectly beneficially owned by Mr. Hellman as the managing member of HMI LLC. Mr. Hellman disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein (see Note 3 below).
- [F2]Mr. Hellman is a member of the Issuer's board of directors. These shares were granted to Mr. Hellman under the Issuer's Amended and Restated 2010 Omnibus Equity Incentive Plan ("Plan") pursuant to the Issuer's Non-Employee Director Compensation Policy ("Policy"). Mr. Hellman assigned these shares to HMI LLC. The proceeds of any disposition of these shares will be applied against management fees payable pursuant to the partnership agreement of the applicable fund. HMI LLC and the Funds are directors by deputization of the Issuer.
- [F3]A three member investment committee of HMI LLC has investment discretion over these shares. Mr. Hellman is the managing member of HMI LLC and is also a member of the investment committee. Mr. Hellman disclaims beneficial ownership of the shares beneficially owned by the Funds and HMI LLC (including the shares of restricted stock referred to in note 4 below), except to the extent of his pecuniary interest therein, if any.
- [F4]These shares represent restricted stock granted under the Plan pursuant to the Policy that is scheduled to vest in full on May 18, 2018.
- [F5]Mr. Hellman elected to receive these shares, which were granted under the Plan, in lieu of the cash portion of the annual retainer under the Policy.
- [F6]These securities are held directly by the Funds for the benefit of their investors. The securities may be deemed to be indirectly beneficially owned by HMI LLC as the investment adviser and general partner of the Funds and by Mr. Hellman as the control person of HMI LLC. Mr. Hellman disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Documents
Issuer
LPL Financial Holdings Inc.
CIK 0001397911
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001397911
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 9:35 PM ET
- Size
- 9.6 KB