SEC Form 4 · accession 0001397911-19-000023
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Andrew Kalbaugh
Officer — Managing Director
Period of report
Feb 23, 2019
Accepted (ET)
Feb 26, 2019 · 9:37 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 23, 2019 | F | 415 | $77.04 | D | 22,276 | D | |
| Common Stock | Feb 25, 2019 | F | 2,585 | $77.53 | D | 19,691 | D | |
| Common StockF1,F2 | Feb 25, 2019 | A | 2,448 | $0.00 | A | 22,139 | 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 | $77.53 | Feb 25, 2019 | A | 7,349 | A | — | Feb 25, 2029 | Common Stock | 7,349 | 7,349 | 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 25, 2020, February 25, 2021 and February 25, 2022. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
- F2Consists of (i) 13,386 shares of Common Stock; (ii) 1,626 restricted stock units that vest in full on June 13, 2019; (iii) 2,795 restricted stock units that vest ratably on each of March 13, 2019 and March 13, 2020; (iv) 1,884 restricted stock units that vest ratably on each of February 23, 2020 and February 23, 2021; and (v) the restricted stock units reported on this Form 4.
- F3This option becomes exercisable in three equal annual installments on each of February 25, 2020, February 25, 2021 and February 25, 2022.
Remarks
The signatory is signing on behalf of John Andrew Kalbaugh pursuant to a Power of Attorney dated August 3, 2015.