SEC Form 4 · accession 0001397911-15-000071
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Andrew Kalbaugh
Officer — MD, Institution Services
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 8:41 pm EDT
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 StockF1 | Mar 6, 2015 | A | 2,568 | $0.00 | A | 9,289 | D | |
| Common StockF2,F3 | Mar 6, 2015 | A | 1,541 | $0.00 | A | 10,830 | 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 | $45.55 | Mar 6, 2015 | A | 17,984 | A | — | Mar 6, 2025 | Common Stock | 17,984 | 17,984 | D |
| Option to purchase Common StockF5 | $45.55 | Mar 6, 2015 | A | 10,790 | A | Mar 6, 2018 | Mar 6, 2025 | Common Stock | 10,790 | 10,790 | D |
Explanation of responses
- F1These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest ratably on each of March 6, 2016, March 6, 2017 and March 6, 2018. Vested shares will be issued to the reporting person as soon as practicable after the applicable vesting date.
- F2These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest in full on March 6, 2018. Vested shares will be issued to the reporting person as soon as practicable after the applicable vesting date.
- F3Consists of (i) 3,660 shares of Common Stock; (ii) 1,711 restricted stock units that vest ratably on February 22, 2016 and February 22, 2017; (iii) 1,350 restricted stock units that vest ratably on February 24, 2016 and February 24, 2017; and (iv) the reported restricted stock units on this Form 4.
- F4This option becomes exercisable in three equal annual installments on each of March 6, 2016, March 6, 2017 and March 6, 2018.
- F5This option will become exercisable in full on March 6, 2018.