SEC Form 4 · accession 0001397911-18-000069
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Burton White
Officer — Managing Director
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 9:51 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 | Mar 13, 2018 | M | 25,000 | $18.04 | A | 50,505 | D | |
| Common StockF1 | Mar 13, 2018 | S | 20,800 | $65.34 | D | 29,705 | D | |
| Common StockF2 | Mar 13, 2018 | S | 4,200 | $65.79 | D | 25,505 | D | |
| Common StockF3 | Mar 13, 2018 | F | 704 | $64.99 | D | 24,801 | 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 StockF4 | $18.04 | Mar 13, 2018 | M | 25,000 | A | — | Feb 12, 2019 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.73 to $65.72, 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 (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.74 to $65.87, 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.
- F3Consists of (i) 12,245 shares of Common Stock; (ii) 704 restricted stock units that vest in full on June 10, 2018; (iii) 2,653 restricted stock units that vest in full on February 25, 2019; (iv) 3,111 restricted stock units that vest in full on February 25, 2019; (v) 3,034 restricted stock units that vest ratably on each of March 13, 2019 and March 13, 2020; and (vi) 3,054 restricted stock units that vest ratably on each of February 23, 2019, February 23, 2020 and February 23, 2021.
- F4This option became exercisable in five installments, beginning February 12, 2010, which was the first anniversary of the date on which it was granted. The option became fully vested on February 12, 2014.
Remarks
The signatory is signing on behalf of George Burton White pursuant to a Power of Attorney dated August 11, 2015.