SEC Form 4 · accession 0001397911-19-000027
LPL Financial Holdings Inc. · LPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Steinmeier
Officer — Managing Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 26, 2019 · 9:48 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 StockF1,F2 | Feb 25, 2019 | A | 2,450 | $0.00 | A | 32,593 | 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 | 7,355 | A | — | Feb 25, 2029 | Common Stock | 7,355 | 7,355 | 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 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) 30,143 restricted stock units that vest ratably on each of September 7, 2019, September 7, 2020, September 7, 2021 and September 7, 2022; and (ii) the restricted stock units reported in 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 Richard Steinmeier pursuant to a Power of Attorney dated August 21, 2018.