SEC Form 4 · accession 0001397911-17-000067

LPL Financial Holdings Inc. · LPLA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Managing Director

Period of report

Mar 13, 2017

Accepted (ET)

Mar 15, 2017 · 9:00 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^F1,F2	Mar 13, 2017	A	3,769	$0.00	A	43,382	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option to purchase Common Stock^F3	$39.48	Mar 13, 2017	A	13,192	A	—	Mar 13, 2027	Common Stock	13,192	13,192	D

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 March 13, 2018, March 13, 2019 and March 13, 2020. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F2Consists of (i) 27,479 shares of Common Stock; (ii) 1,578 restricted stock units that vest in full on August 5, 2017; (iii) 2,688 restricted stock units that vest ratably on each of August 5, 2017 and August 5, 2018; (iv) 1,097 restricted stock units that vest in full on March 6, 2018; (v) 3,660 restricted stock units that vest ratably on each of February 25, 2018 and February 25, 2019; (vi) 3,111 restricted stock units that vest in full on February 25, 2019; and (vii) the restricted stock units reported on this Form 4.
F3This option becomes exercisable in three equal annual installments on each of March 13, 2018, March 13, 2019 and March 13, 2020.

The signatory is signing on behalf of David P. Bergers pursuant to a Power of Attorney dated August 3, 2015.