SEC Form 4 · accession 0001015780-17-000014
E TRADE FINANCIAL CORP · ETFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl A Roessner
Officer — Chief Executive Officer · Director
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 5:15 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 3, 2017 | A | 34,315 | $0.00 | A | 289,070 | D | |
| Common StockF2 | Feb 5, 2017 | F | 6,279 | $34.97 | D | 282,791 | D | |
| Common StockF3 | Feb 5, 2017 | A | 10,374 | $0.00 | A | 293,165 | D | |
| Common StockF4 | Feb 5, 2017 | F | 5,792 | $34.97 | D | 287,373 | D | |
| Common StockF5 | Feb 6, 2017 | F | 7,742 | $34.693 | D | 279,631 | D | |
| Common StockF6 | Feb 6, 2017 | F | 8,682 | $34.693 | D | 270,949 | D | |
| Common StockF6 | Feb 6, 2017 | F | 5,825 | $34.693 | D | 265,124 | D | |
| Common StockF7 | Feb 6, 2017 | A | 8,027 | $0.00 | A | 273,151 | D | |
| Common StockF8 | Feb 6, 2017 | F | 4,482 | $34.693 | D | 268,669 | 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 3, 2018; one-third vesting on February 3, 2019; and the remaining one-third vesting on February 3, 2020.
- 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withheld for payment of taxes associated with the vesting of approximately one-third of a grant of restricted stock originally made on February 5, 2016.
- F3Represents the number of shares of Common Stock received in settlement of performance share units previously granted to the reporting person on February 5, 2016, which vested based upon the Company's achievement of earnings per share targets and key business initiatives relating to 2016.
- F4Shares reported were withheld for payment of taxes associated with the vesting of performance share units previously granted on February 5, 2016.
- F5Shares 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withheld for payment of taxes associated with the vesting of approximately one-fourth of a grant of restricted stock originally made on February 6, 2013.
- F6Shares 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withheld for payment of taxes associated with the vesting of approximately one-third of a grant of restricted stock originally made on February 6, 2015.
- F7Represents the number of shares of Common Stock received in settlement of performance share units previously granted to the reporting person on February 6, 2015, which vested based upon the Company's achievement of earnings per share targets and key business initiatives relating to 2016.
- F8Shares reported were withheld for payment of taxes associated with the vesting of performance share units previously granted on February 6, 2015.