SEC Form 4 · accession 0001397911-15-000146
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan H. Arnold
Officer — President
Period of report
Jun 10, 2015
Accepted (ET)
Jun 12, 2015 · 5:08 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 10, 2015 | M | 4,273 | $27.80 | A | 187,890 | D | |
| Common StockF2 | Jun 10, 2015 | S | 4,273 | $48.00 | D | 183,617 | 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 | Jun 10, 2015 | M | 4,273 | A | — | Feb 5, 2018 | Common Stock | 4,273 | 21,727 | 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) 168,684 shares of Common Stock; (ii) 2,189 restricted stock units that vest ratably on February 24, 2016 and February 24, 2017; (iii) 9,122 restricted stock units that vest in full on February 24, 2017; and (iv) 3,622 restricted stock units that vest in full on March 6, 2016, March 6, 2017 and March 6, 2018.
- F3Following the exercise reported in this Form 4, this option is currently exercisable as to 21,727 shares. The option became exercisable in five equal installments, beginning on February 5, 2009, which was the first anniversary of the date on which it was granted. The option became fully vested on February 5, 2013.