SEC Form 4 · accession 0001397911-18-000033
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Seese
Officer — Managing Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 8:43 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,F2 | Feb 23, 2018 | A | 4,153 | $0.00 | A | 26,301 | 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 | $65.50 | Feb 23, 2018 | A | 12,850 | A | — | Feb 23, 2028 | Common Stock | 12,850 | 12,850 | 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 February 23, 2019, February 23, 2020 and February 23, 2021. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- F2Consists of (i) 22,148 restricted stock units that vest ratably on each of August 21, 2018 and August 21, 2019; and (ii) the restricted stock units reported in this Form 4.
- F3This option becomes exercisable in three equal annual installments on each of February 23, 2019, February 23, 2020 and February 23, 2021.
Remarks
The signatory is signing on behalf of Scott Seese pursuant to a Power of Attorney dated July 12, 2017.