SEC Form 4 · accession 0001015780-16-000107
E TRADE FINANCIAL CORP · ETFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Herbert
Officer — SVP & Pres, E*TRADE Securities
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001015780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2016 | A | 16,251 | $0.00 | A | 62,898 | D | |
| Common StockF2 | Feb 6, 2016 | F | 1,233 | $23.075 | D | 61,665 | D | |
| Common StockF3 | Feb 7, 2016 | F | 1,026 | $23.075 | D | 60,639 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock unit award that will vest over three years, with one-third vesting on February 5, 2017; one-third vesting on February 5, 2018; and the remaining one-third vesting on February 5, 2019.
- F2Shares reported were withheld for payment of taxes associated with the vesting of approximately one-third of a grant of restricted stock originally made on February 6, 2015.
- F3Shares reported were withheld for payment of taxes associated with the vesting of approximately one-third of a grant of restricted stock originally made on February 7, 2014.