SEC Form 4 · accession 0001397911-15-000144
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Burton White
Officer — MD, Chief Investment Officer
Period of report
Jun 10, 2015
Accepted (ET)
Jun 12, 2015 · 5:02 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,F2 | Jun 10, 2015 | A | 2,114 | $0.00 | A | 11,744 | 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 | $47.30 | Jun 10, 2015 | A | 6,341 | A | — | Jun 10, 2025 | Common Stock | 6,341 | 6,341 | 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 June 10, 2016, June 10, 2017 and June 10, 2018. Vested shares will be issued to the reporting person as soon as practicable after the applicable vesting date.
- F2Consists of (i) 1,866 shares of Common Stock; (ii) 2,041 restricted stock units that vest ratably on February 22, 2016 and February 22, 2017; (iii) 1,733 restricted stock units that vest ratably on February 24, 2016 and February 24, 2017; (iv) 3,990 restricted stock units that vest ratably on March 6, 2016, March 6, 2017, and March 6, 2018; and (v) the reported restricted stock units on this Form 4.
- F3This option becomes exercisable in three equal annual installments on each of June 10, 2016, June 10, 2017, and June 10, 2018.