SEC Form 4 · accession 0001225208-17-000805
SCHWAB CHARLES CORP · SCHW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter W Bettinger
Officer — President and CEO · Director
Period of report
Jan 4, 2017
Accepted (ET)
Jan 5, 2017 · 6:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 4, 2017 | M | 359,400 | $11.75 | A | 603,059 | D | |
| Common Stock | Jan 4, 2017 | M | 125,000 | $13.91 | A | 728,059 | D | |
| Common StockF2 | Jan 4, 2017 | S | 125,000 | $41.2001 | D | 603,059 | D | |
| Common StockF3 | Jan 4, 2017 | S | 359,400 | $40.7004 | D | 243,659 | D | |
| Common Stock | Jan 5, 2017 | M | 143,596 | $13.91 | A | 387,255 | D | |
| Common StockF4 | Jan 5, 2017 | S | 143,596 | $41.201 | D | 243,659 | D | |
| Common Stock | holding | — | — | — | 5,947 | I | by ESOP | |
| Common Stock | holding | — | — | — | 1,277 | I | by ESPP | |
| Common Stock | holding | — | — | — | 2,277 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock Option (right to buy) | $13.91 | Jan 4, 2017 | M | 125,000 | D | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 125,000 | 143,596 | D |
| Nonqualified Stock Option (right to buy) | $11.75 | Jan 4, 2017 | M | 359,400 | D | Nov 1, 2012 | Nov 1, 2021 | Common Stock | 359,400 | 0 | D |
| Nonqualified Stock Option (right to buy) | $13.91 | Jan 5, 2017 | M | 143,596 | D | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 143,596 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2016.
- F2This transaction was executed in multiple trades at prices ranging from $41.20 to $41.2050. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $40.70 to $40.71. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $41.20 to $41.22. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.