SEC Form 4 · accession 0001397911-15-000142
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharyn Handelsman
Officer — MD, Chief Compliance Officer
Period of report
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 5:43 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 Stock | Jun 2, 2015 | M | 5,050 | $30.00 | A | 11,528 | D | |
| Common Stock | Jun 2, 2015 | M | 1,343 | $34.61 | A | 12,871 | D | |
| Common StockF2 | Jun 2, 2015 | S | 6,393 | $43.50 | D | 6,478 | 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 | $30.00 | Jun 2, 2015 | M | 5,050 | D | — | Nov 17, 2020 | Common Stock | 5,050 | 5,050 | D |
| Option to purchase Common StockF4 | $34.61 | Jun 2, 2015 | M | 1,343 | D | — | Dec 22, 2020 | Common Stock | 1,343 | 8,657 | 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 March 13, 2015.
- F2Consists of (i) 2,127 shares of Common Stock; (ii) 1,266 restricted stock units that vest ratably on February 22, 2016 and February 22, 2017; (iii) 864 restricted stock units that vest ratably on February 24,2016 and February 24, 2017; (iv) 1,587 restricted stock units that vest ratably on March 6, 2016, March 6, 2017 and March 6, 2018; and (v) 634 restricted stock units that vest in full on March 6, 2018.
- F3Following the exercise reported in this Form 4, this option is not currently exercisable as to any shares. The option becomes exercisable in five equal installments, beginning on November 17, 2011, which was the first anniversary of the date on which it was granted. The option will become vested and exercisable with regard to the remaining 5,050 shares covered thereby on November 17, 2015.
- F4Following the exercise reported in this Form 4, this option is currently exercisable as to 6,657 shares. The option becomes exercisable in five equal installments, beginning on December 22, 2011, which was the first anniversary of the date on which it was granted. The option will become vested and exercisable with regard to the remaining 2,000 shares covered thereby on December 22, 2015.