SEC Form 4 · accession 0001015780-18-000027
E TRADE FINANCIAL CORP · ETFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodger A Lawson
Officer — Executive Chairman · Director
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 9:39 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, 2018 | A | 13,046 | $0.00 | A | 96,966 | D | |
| Common StockF2 | Feb 7, 2018 | F | 6,389 | $52.03 | D | 90,577 | D | |
| Common StockF1 | Feb 7, 2018 | A | 13,046 | $0.00 | A | 103,623 | D | |
| Common StockF2 | Feb 7, 2018 | F | 4,975 | $52.03 | D | 98,648 | D | |
| Common StockF3,F4 | Feb 7, 2018 | S | 3,853 | $51.9543 | D | 94,795 | D | |
| Common StockF3,F5 | Feb 8, 2018 | S | 5,221 | $50.6673 | D | 89,574 | D | |
| Common StockF3,F6 | Feb 8, 2018 | S | 4,100 | $51.3913 | D | 85,474 | D | |
| Common StockF7 | Feb 9, 2018 | A | 20,552 | $0.00 | A | 106,026 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares of Common Stock received in settlement of performance share units previously granted to the reporting person on February 3, 2017, which vested based upon the Company's achievement of earnings per share and return on equity targets relating to 2017.
- F2Shares reported were withheld for payment of taxes associated with the vesting of performance share units previously granted on February 3, 2017.
- F3Sale of common stock pursuant to a Rule 10b5-1 plan entered into on February 25, 2017.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $51.59 to $52.42, inclusive. The reporting person undertakes to provide to E*TRADE Financial Corporation, any security holder of E*TRADE Financial Corporation, 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 Form 4.
- F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $50.17 to $51.16, inclusive. The reporting person undertakes to provide to E*TRADE Financial Corporation, any security holder of E*TRADE Financial Corporation, 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 Form 4.
- F6The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $51.23 to $51.65, inclusive. The reporting person undertakes to provide to E*TRADE Financial Corporation, any security holder of E*TRADE Financial Corporation, 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 Form 4.
- F7Restricted Stock Unit award that will vest over three years, with one-third vesting on February 9, 2019; one-third vesting on February 9, 2020; and the remaining one-third vesting on February 9, 2021.