SEC Form 4 · accession 0001015780-16-000115
E TRADE FINANCIAL CORP · ETFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A. Pizzi
Officer — EVP & Chief Financial Officer
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 4:59 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 9, 2016 | F | 4,683 | $20.865 | D | 165,713 | D | |
| Common StockF1 | Feb 9, 2016 | F | 457 | $20.865 | D | 165,256 | D | |
| Common StockF2 | Feb 10, 2016 | M | 3,078 | $9.248 | A | 168,334 | D | |
| Common StockF3 | Feb 10, 2016 | S | 5,004 | $21.2849 | D | 163,330 | D | |
| Common StockF3 | Feb 10, 2016 | S | 14,180 | $21.2215 | D | 149,150 | D | |
| Common StockF4 | Feb 10, 2016 | S | 3,078 | $21.3665 | D | 146,072 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5 | $9.248 | Feb 10, 2016 | M | 3,078 | D | — | Feb 20, 2016 | Common Stock | 3,078 | 0 | D |
Explanation of responses
- F1Shares reported were withheld for payment of taxes associated with the vesting of approximately one-fourth of a grant of restricted stock originally made on February 9, 2012.
- F2Acquisition of common stock upon the exercise of stock options.
- F3Sale of common stock pursuant to a Rule 10b5-1 plan entered into on August 14, 2015.
- F4Sale of common stock pursuant to a Rule 10b5-1 plan entered into on August 14, 2015, including shares sold to cover the costs and tax liabilities associated with the exercise of stock option.
- F5The stock options vested in two annual installments beginning on February 20, 2010.