SEC Form 4 · accession 0001397911-15-000009
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan H. Arnold
Officer — Chief Financial Officer
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001397911
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 19, 2015 | M | 18,542 | $27.80 | A | 204,469 | D | |
| Common StockF2,F3 | Feb 19, 2015 | S | 18,542 | $46.1545 | D | 185,927 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase Common StockF4 | $27.80 | Feb 19, 2015 | M | 18,542 | D | — | Feb 5, 2018 | Common Stock | 18,542 | 31,458 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 13, 2014.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.00 to $46.73, inclusive. The Reporting Person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 ranges set forth in this footnote (2) to this Form 4.
- F3Consists of (i) 168,684 shares of Common Stock; (ii) 4,837 restricted stock units that vest in full on February 25, 2015; (iii) 3,284 restricted stock units that vest ratably on each of February 24, 2015, February 24, 2016 and February 24, 2017; and (iv) 9,122 restricted stock units that vest in full on February 24, 2017.
- F4This option, which represented a right to purchase a total of 50,000 shares, vested on February 5, 2013 and is currently exercisable for 31,458 shares.