SEC Form 4 · accession 0001397911-15-000191
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William P. Morrissey Jr.
Officer — MD, Divisional Pres. of IAS
Period of report
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 4:21 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 | Dec 14, 2015 | M | 25,000 | $21.60 | A | 31,555 | D | |
| Common StockF1 | Dec 14, 2015 | S | 25,000 | $42.85 | D | 6,555 | 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 StockF2 | $21.60 | Dec 14, 2015 | M | 25,000 | D | — | Jun 7, 2017 | Common Stock | 25,000 | 13,907 | D |
Explanation of responses
- F1(i) 2,439 shares of Common Stock; (ii) 1,190 restricted stock units that vest ratably on February 22, 2016 and February 22, 2017; (iii) 924 restricted stock units that vest ratably on February 24, 2016 and February 24, 2017; and (iv) 2,002 restricted stock units that vest ratably on March 6, 2016, March 6, 2017 and March 6, 2018.
- F2Following the exercise reported on this Form 4, this option is currently exercisable as to 13,907 shares. The option became exercisable in five equal installments, beginning on June 7, 2008, which was the first anniversary of the date on which it was granted. The option became fully vested on June 7, 2012.