SEC Form 4 · accession 0001397911-19-000004
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan H. Arnold
Officer — President & CEO · Director
Period of report
Jan 16, 2019
Accepted (ET)
Jan 18, 2019 · 6:05 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 | Jan 16, 2019 | M | 36,774 | $34.61 | A | 269,761 | D | |
| Common StockF2 | Jan 16, 2019 | S | 36,774 | $70.00 | D | 232,987 | 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 | $34.61 | Jan 16, 2019 | M | 36,774 | D | — | Dec 22, 2020 | Common Stock | 36,774 | 0 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2018.
- F2Consists of (i) 187,064.94 shares of Common Stock; (ii) 4,002 restricted stock units that vest on February 25, 2019; (iii) 3,111 restricted stock units that vest in full on February 25, 2019; and (iv) 38,809 restricted stock units that vest ratably on each of February 13, 2020, February 13, 2021 and February 13, 2022.
- F3This option became exercisable in five installments, beginning 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.
Remarks
The signatory is signing on behalf of Dan H. Arnold pursuant to a Power of Attorney dated March 15, 2017.