Calder Tracy 4
4 · LPL Financial Holdings Inc. · Filed Nov 26, 2019
Insider Transaction Report
Form 4
Calder Tracy
MD, Deputy Chief Risk Officer
Transactions
- Gift
Common Stock
2019-11-22−1,513.858→ 8,089 total - Sale
Common Stock
2019-11-25$91.60/sh−13,181$1,207,380→ 8,089 total - Exercise/Conversion
Common Stock
2019-11-25$19.85/sh+13,181$261,643→ 21,270 total - Exercise/Conversion
Option to purchase Common Stock
2019-11-25−13,181→ 5,939 totalExercise: $19.85Exp: 2026-02-25→ Common Stock (13,181 underlying)
Footnotes (4)
- [F1]This transaction was a charitable gift of securities by the reporting person. The gifted shares include 13.858 shares acquired under the Issuer's Dividend Reinvestment Plan.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.51 to $91.85, 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 range set forth in this footnote (2) to this Form 4.
- [F3]Consists of (i) 4,677 shares of Common Stock; (ii) 804 restricted stock units that vest in full on March 13, 2020; (iii) 1,042 restricted stock units that vest ratably on each of February 23, 2020 and February 23, 2021; and (iv) 1,566 restricted stock units that vest ratably on each of February 25, 2020, February 25, 2021 and February 25, 2022.
- [F4]This option became exercisable in three installments, beginning February 25, 2017, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2019.