SEC Form 4 · accession 0001397911-17-000009
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S Casady
Director
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 9:42 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 StockF1 | Feb 13, 2017 | M | 62,640 | $22.08 | A | 193,597 | D | |
| Common StockF2 | Feb 13, 2017 | S | 62,640 | $40.84 | D | 130,957 | D | |
| Common Stock | Feb 14, 2017 | M | 57,360 | $22.08 | A | 188,317 | D | |
| Common Stock | Feb 14, 2017 | M | 147,111 | $34.61 | A | 335,428 | D | |
| Common StockF3 | Feb 14, 2017 | S | 204,471 | $40.65 | D | 130,957 | D | |
| Common Stock | Feb 15, 2017 | M | 2,889 | $34.61 | A | 133,846 | D | |
| Common Stock | Feb 15, 2017 | M | 186,439 | $32.26 | A | 320,285 | D | |
| Common Stock | Feb 15, 2017 | M | 175,885 | $31.60 | A | 496,170 | D | |
| Common StockF4 | Feb 15, 2017 | S | 365,213 | $40.76 | D | 130,957 | 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 StockF5 | $22.08 | Feb 13, 2017 | M | 62,640 | D | — | Sep 14, 2019 | Common Stock | 62,640 | 57,360 | D |
| Option to purchase Common StockF5 | $22.08 | Feb 14, 2017 | M | 57,360 | D | — | Sep 14, 2019 | Common Stock | 57,360 | 0 | D |
| Option to purchase Common StockF6 | $34.61 | Feb 14, 2017 | M | 147,111 | D | — | Dec 22, 2020 | Common Stock | 147,111 | 2,889 | D |
| Option to purchase Common StockF6 | $34.61 | Feb 15, 2017 | M | 2,889 | D | — | Dec 22, 2020 | Common Stock | 2,889 | 0 | D |
| Option to purchase Common StockF7 | $32.26 | Feb 15, 2017 | M | 186,439 | D | — | Feb 9, 2022 | Common Stock | 186,439 | 0 | D |
| Option to purchase Common StockF8 | $31.60 | Feb 15, 2017 | M | 175,885 | D | — | Feb 22, 2023 | Common Stock | 175,885 | 58,628 | D |
Explanation of responses
- F1Includes 67,086 shares previously reported by the Reporting Person as indirectly held by the Mark S. Casady 2014 Grantor Retained Annuity Trust.
- F2The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $40.62 to $41.17, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $40.22 to $40.89, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $40.34 to $41.01, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4.
- F5This option became exercisable in five installments, beginning on September 14, 2010, which was the first anniversary of the date on which it was granted. The option became fully vested on September 14, 2014.
- F6The option became exercisable in five installments, beginning on December 22, 2011, which was the first anniversary of the date on which it was granted. The option became fully vested on December 22, 2015.
- F7This option became exercisable in five installments, beginning on February 9, 2013, which was the first anniversary of the date on which it was granted. The option became fully vested on February 9, 2017.
- F8The option became exercisable in five installments, beginning on February 22, 2014, which was the first anniversary of the date on which it was granted. The remaining 58,628 options will become fully vested on February 22, 2017.
Remarks
The signatory is signing on behalf of Mark Casady pursuant to a Power of Attorney dated May 28, 2015.