Morrissey William P. Jr. 4
4 · LPL Financial Holdings Inc. · Filed Feb 27, 2018
Insider Transaction Report
Form 4
Morrissey William P. Jr.
MD, Independent Advisor Svcs
Transactions
- Award
Common Stock
2018-02-23+1,954→ 19,495 total - Tax Payment
Common Stock
2018-02-25$65.50/sh−773$50,632→ 18,722 total - Award
Option to purchase Common Stock
2018-02-23+6,047→ 6,047 totalExercise: $65.50Exp: 2028-02-23→ Common Stock (6,047 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 February 23, 2019, February 23, 2020 and February 23, 2021. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- [F2]Consists of (i) 7,291 shares of Common Stock; (ii) 666 restricted stock units that vest in full on March 6, 2018; (iii) 2,232 restricted stock units that vest in full on February 25, 2019; (iv) 3,111 restricted stock units that vest in full on February 25, 2019; (v) 3,468 restricted stock units that vest ratably on each of March 13, 2018, March 13, 2019 and March 13, 2020; and (vi) the restricted stock units reported on this Form 4.
- [F3]This option becomes exercisable in three equal annual installments on each of February 23, 2019, February 23, 2020 and February 23, 2021.