Filing Details

Accession Number:
0001397911-19-000145
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-09-12 17:21:41
Reporting Period:
2019-09-10
Accepted Time:
2019-09-12 17:21:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1397911 Lpl Financial Holdings Inc. LPLA Security & Commodity Brokers, Dealers, Exchanges & Services (6200) 203717839
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1548546 Andrew John Kalbaugh C/O Lpl Financial Holdings Inc.
75 State Street, 22Nd Floor
Boston MA 02109
Managing Director No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-09-10 3,289 $19.85 24,096 No 4 M Direct
Common Stock Acquisiton 2019-09-10 12,120 $32.26 36,216 No 4 M Direct
Common Stock Acquisiton 2019-09-10 16,711 $34.61 52,927 No 4 M Direct
Common Stock Disposition 2019-09-10 31,840 $80.27 21,087 No 4 S Direct
Common Stock Disposition 2019-09-10 280 $81.07 20,807 No 4 S Direct
Common Stock Acquisiton 2019-09-11 2,889 $34.61 23,696 No 4 M Direct
Common Stock Acquisiton 2019-09-11 6,198 $32.26 29,894 No 4 M Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option to purchase Common Stock Disposition 2019-09-10 3,289 $0.00 3,289 $19.85
Common Stock Option to purchase Common Stock Disposition 2019-09-10 12,120 $0.00 12,120 $32.26
Common Stock Option to purchase Common Stock Disposition 2019-09-10 16,711 $0.00 16,711 $34.61
Common Stock Option to purchase Common Stock Disposition 2019-09-11 2,889 $0.00 2,889 $34.61
Common Stock Option to purchase Common Stock Disposition 2019-09-11 6,198 $0.00 6,198 $32.26
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
64,380 2026-02-25 No 4 M Direct
13,515 2022-02-09 No 4 M Direct
2,889 2020-12-22 No 4 M Direct
0 2020-12-22 No 4 M Direct
7,317 2022-02-09 No 4 M Direct
Footnotes
  1. The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2019.
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2019.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.98, 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 range set forth in this footnote (3) to this Form 4.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.04 to $81.09, 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 range set forth in this footnote (4) to this Form 4.
  5. Consists of (i) 24,165 shares of Common Stock; (ii) 1,397 restricted stock units that vest in full on March 13, 2020; (iii) 1,884 restricted stock units that vest ratably on each of February 23, 2020 and February 23, 2021; and (iv) 2,448 restricted stock units that vest ratably on each of February 25, 2020, February 25, 2021 and February 25, 2022.
  6. This option became exercisable in three installments, beginning February 25, 2017, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2019.
  7. This option became exercisable in five installments, beginning February 9, 2013, which was the first anniversary of the date on which it was granted. The option became fully vested on February 9, 2017.
  8. This 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.