SEC Form 4 · accession 0001397911-19-000010
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Gooley
Officer — Managing Director
Period of report
Feb 4, 2019
Accepted (ET)
Feb 6, 2019 · 5:53 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 | Feb 4, 2019 | M | 20,576 | $43.74 | A | 41,868 | D | |
| Common Stock | Feb 4, 2019 | M | 15,938 | $24.38 | A | 57,806 | D | |
| Common Stock | Feb 4, 2019 | M | 6,926 | $39.48 | A | 64,732 | D | |
| Common StockF1 | Feb 4, 2019 | S | 40,340 | $74.81 | D | 24,392 | D | |
| Common StockF2,F3 | Feb 4, 2019 | S | 3,100 | $75.06 | D | 21,292 | 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 | $43.74 | Feb 4, 2019 | M | 20,576 | D | — | Aug 6, 2025 | Common Stock | 20,576 | 0 | D |
| Option to purchase Common StockF5 | $24.38 | Feb 4, 2019 | M | 15,938 | D | — | Jun 13, 2026 | Common Stock | 15,938 | 7,969 | D |
| Option to purchase Common StockF6 | $39.48 | Feb 4, 2019 | M | 6,926 | D | — | Mar 13, 2027 | Common Stock | 6,926 | 13,852 | 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 $74.05 to $75.03 per share, 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 $75.055 to $75.09 per share, 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) 7,997 shares of Common Stock; (ii) 1,830 restricted stock units that vest in full on February 25, 2019; (iii) 3,111 restricted stock units that vest in full on February 25, 2019; (iv) 976 restricted stock units that vest in full on June 13, 2019; (v) 3,958 restricted stock units that vest ratably on each of March 13, 2019 and March 13, 2020; and (vi) 3,420 restricted stock units that vest ratably on each of February 23, 2019, February 23, 2020 and February 23, 2021.
- F4This option became exercisable in three installments, beginning August 6, 2016, which was the first anniversary of the date on which it was granted. The option became fully vested on August 6, 2018.
- F5This option, representing a right to purchase a total of 23,907 shares, becomes exercisable in three equal installments, beginning on June 13, 2017, which was the first anniversary of the date on which it was granted. The option shall become vested with regard to the remaining 7,969 underlying shares on June 13, 2019.
- F6This option, representing a right to purchase a total of 20,778 shares, becomes exercisable in three equal installments, beginning on March 13, 2018, which was the first anniversary of the date on which it was granted. The option shall become vested with regard to the remaining 13,852 underlying shares on March 13, 2020.
Remarks
The signatory is signing on behalf of Thomas Gooley pursuant to a Power of Attorney dated June 27, 2015.