SEC Form 4 · accession 0001397911-18-000221
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Riepe
Director
Period of report
Dec 12, 2018
Accepted (ET)
Dec 14, 2018 · 8:07 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 12, 2018 | M | 4,500 | $18.04 | A | 87,442 | D | |
| Common Stock | Dec 12, 2018 | M | 4,500 | $19.74 | A | 91,942 | D | |
| Common Stock | Dec 12, 2018 | M | 4,500 | $23.02 | A | 96,442 | D | |
| Common StockF1 | Dec 12, 2018 | S | 4,517 | $60.69 | D | 91,925 | D | |
| Common Stock | holding | — | — | — | 35,971 | I | By Stone Barn LLC |
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 | $18.04 | Dec 12, 2018 | M | 4,500 | D | — | Feb 12, 2019 | Common Stock | 4,500 | 0 | D |
| Option to purchase Common StockF3 | $19.74 | Dec 12, 2018 | M | 4,500 | D | — | Jun 2, 2019 | Common Stock | 4,500 | 0 | D |
| Option to purchase Common StockF4 | $23.02 | Dec 12, 2018 | M | 4,500 | D | — | Nov 16, 2019 | Common Stock | 4,500 | 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 $60.62 to $60.75, 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.
- F2This option became exercisable in three equal installments, beginning on February 12, 2010, which was the first anniversary of the date on which it was granted. The option became fully vested on February 12, 2012.
- F3This option became exercisable in three equal installments, beginning on June 2, 2010, which was the first anniversary of the date on which it was granted. The option became fully vested on June 2, 2012.
- F4This option became exercisable in three equal installments, beginning on November 16, 2010, which was the first anniversary of the date on which it was granted. The option became fully vested on November 16, 2012.
Remarks
The signatory is signing on behalf of James S. Riepe pursuant to a Power of Attorney dated March 10, 2014.