Calder Tracy 4
4 · LPL Financial Holdings Inc. · Filed Feb 26, 2019
Insider Transaction Report
Form 4
Calder Tracy
MD, Deputy Chief Risk Officer
Transactions
- Tax Payment
Common Stock
2019-02-23$77.04/sh−191$14,715→ 20,065 total - Tax Payment
Common Stock
2019-02-25$77.53/sh−422$32,718→ 19,643 total - Sale
Common Stock
2019-02-26$77.34/sh−10,747$831,173→ 10,462 total - Award
Common Stock
2019-02-25+1,566→ 21,209 total - Award
Option to purchase Common Stock
2019-02-25+4,700→ 4,700 totalExercise: $77.53Exp: 2029-02-25→ Common Stock (4,700 underlying)
Footnotes (4)
- [F1]These 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.85 to $77.76, 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.
- [F3]Consists of (i) 6,246 shares of Common Stock; (ii) 1,608 restricted stock units that vest ratably on each of March 13, 2019 and March 13, 2020; (iii) 1,042 restricted stock units that vest ratably on each of February 23, 2020 and February 23, 2021; and (iv) the restricted stock units reported on this Form 4.
- [F4]This option becomes exercisable in three equal annual installments on each of February 25, 2020, February 25, 2021 and February 25, 2022.