Seese Scott 4
4 · LPL Financial Holdings Inc. · Filed Feb 26, 2019
Insider Transaction Report
Form 4
Seese Scott
Managing Director
Transactions
- Award
Common Stock
2019-02-25+4,094→ 24,796 total - Tax Payment
Common Stock
2019-02-23$77.04/sh−466$35,901→ 20,702 total - Award
Option to purchase Common Stock
2019-02-25+12,289→ 12,289 totalExercise: $77.53Exp: 2029-02-25→ Common Stock (12,289 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 February 25, 2020, February 25, 2021 and February 25, 2022. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- [F2]Consists of (i) 6,860 shares of Common Stock; (ii) 11,074 restricted stock units that vest in full on August 21, 2019; (iii) 2,768 restricted stock units that vest ratably on each of February 23, 2020 and February 23, 2021; and (iv) the restricted stock units reported on this Form 4.
- [F3]This option becomes exercisable in three equal annual installments on each of February 25, 2020, February 25, 2021 and February 25, 2022.