LPL Financial Holdings Inc. 4
4 · LPL Financial Holdings Inc. · Filed Jun 5, 2017
Insider Transaction Report
Form 4
Morrissey William P. Jr.
MD, Independent Advisor Svcs
Transactions
- Exercise/Conversion
Common Stock
2017-06-02$21.60/sh+32,150$694,440→ 49,691 total - Sale
Common Stock
2017-06-02$39.34/sh−32,150$1,264,781→ 17,541 total - Exercise/Conversion
Option to purchase Common Stock
2017-06-02−32,150→ 0 totalExercise: $21.60Exp: 2017-06-07→ Common Stock (32,150 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $39.23 to $39.55, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of 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 ranges set forth in this footnote (1) to this Form 4.
- [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) 3,468 restricted stock units that vest ratably on each of March 13, 2018, March 13, 2019 and March 13, 2020.
- [F3]This option became exercisable in five equal installments, beginning on June 7, 2008, which was the first anniversary of the date on which it was granted. The option became fully vested on June 7, 2012.