SEC Form 4 · accession 0001397911-15-000027
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 24, 2015
Accepted (ET)
Feb 26, 2015 · 8:05 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 24, 2015 | M | 5,458 | $27.80 | A | 191,385 | D | |
| Common Stock | Feb 24, 2015 | S | 5,458 | $46.00 | D | 185,927 | D | |
| Common Stock | Feb 24, 2015 | F | 453 | $45.58 | D | 185,474 | D | |
| Common StockF2 | Feb 25, 2015 | F | 1,818 | $45.46 | D | 183,656 | 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 StockF3 | $27.80 | Feb 24, 2015 | M | 5,458 | D | — | Feb 5, 2018 | Common Stock | 5,458 | 26,000 | 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.
- F2Consists of (i) 172,345 shares of Common Stock; (ii) 2,189 restricted stock units that vest ratably on February 24, 2016 and February 24, 2017; and (iii) 9,122 restricted stock units that vest in full on February 24, 2017.
- F3This option, which represented a right to purchase a total of 50,000 shares, vested on February 5, 2013 and is currently exercisable for 26,000 shares.