SEC Form 4 · accession 0001015780-17-000022
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 7, 2017
Accepted (ET)
Feb 9, 2017 · 5:05 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 7, 2017 | F | 8,305 | $35.20 | D | 260,364 | D | |
| Common StockF2 | Feb 8, 2017 | M | 3,712 | $14.60 | A | 264,076 | D | |
| Common StockF3 | Feb 8, 2017 | S | 3,712 | $34.7257 | D | 260,364 | D | |
| Common StockF4 | Feb 8, 2017 | S | 4,690 | $34.7238 | D | 255,674 | D | |
| Common StockF4 | Feb 8, 2017 | S | 8,074 | $34.7248 | D | 247,600 | 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 | $14.60 | Feb 8, 2017 | M | 3,712 | D | — | Feb 11, 2017 | Common Stock | 3,712 | 0 | D |
Explanation of responses
- F1Shares 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withheld for payment of taxes associated with the vesting of approximately one-third of a grant of restricted stock originally made on February 7, 2014.
- 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 5, 2015, including shares sold to cover the costs and tax liabilities associated with the exercise of stock options.
- F4Sale of common stock pursuant to a Rule 10b5-1 plan entered into on August 5, 2015.
- F5The stock options vested in three annual installments beginning on February 11, 2011.