Filing Details
- Accession Number:
- 0000891836-18-000049
- Form Type:
- 13G Filing
- Publication Date:
- 2018-12-14 16:33:57
- Filed By:
- SPO Advisory Corp
- Company:
- Lpl Financial Holdings Inc. (NASDAQ:LPLA)
- Filing Date:
- 2018-12-14
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| SPO Partners II | 0 | 0 | 0 | 0 | 0 | 0.0% |
| SPO Advisory Partners | 0 | 0 | 0 | 0 | 0 | 0.0% |
| San Francisco Partners | 0 | 0 | 0 | 0 | 0 | 0.0% |
| SF Advisory Partners | 0 | 0 | 0 | 0 | 0 | 0.0% |
| SPO Advisory Corp | 0 | 0 | 0 | 0 | 0 | 0.0% |
| John H. Scully | 0 | 0 | 0 | 0 | 0 | 0.0% |
| Phoebe Snow Foundation, Inc | 0 | 0 | 0 | 0 | 0 | 0.0% |
| Eli J. Weinberg | 0 | 0 | 0 | 0 | 0 | 0.0% |
| Ronak R. Gandhi | 120 | 0 | 120 | 0 | 120 | 0.1% |
Filing
| | ||
| UNITED STATES | ||
| SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 | ||
| | ||
| | ||
| SCHEDULE 13G | ||
| Under the Securities Exchange Act of 1934 | ||
| (Amendment No. 4)* | ||
| | ||
| | ||
| LPL FINANCIAL HOLDINGS INC. | ||
| (Name of Issuer) | ||
| | ||
| | ||
| COMMON STOCK, PAR VALUE $0.001 PER SHARE | ||
| (Title of Class of Securities) | ||
| 50212V100 | ||
| (CUSIP Number) | ||
| December 14, 2018 | ||
| (Date of Event which Requires Filing of this Statement) | ||
| | ||
| | ||
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) |
| ☒ | Rule 13d-1(c) |
| ☐ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
CUSIP No. 50212V100
| 1. | Names of Reporting Persons SPO Partners II, L.P. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (PN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons SPO Advisory Partners, L.P. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (PN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons San Francisco Partners, L.P. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization California | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (PN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons SF Advisory Partners, L.P. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (PN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons SPO Advisory Corp. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (CO) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons John H. Scully | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization USA | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (IN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons Phoebe Snow Foundation, Inc. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization California | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (CO) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons Eli J. Weinberg | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization USA | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 0 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 0 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) 0.0% | ||
| 12. | Type of Reporting Person (See Instructions) (IN) | ||
_______________
CUSIP No. 50212V100
| 1. | Names of Reporting Persons Ronak R. Gandhi | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒ | ||
| 3. | SEC Use Only | ||
| 4. | Citizenship or Place of Organization USA | ||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 120 | |
| 6. | Shared Voting Power 0 | ||
| 7. | Sole Dispositive Power 120 | ||
| 8. | Shared Dispositive Power 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 120 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ | ||
| 11. | Percent of Class Represented by Amount in Row (9) **0.1% | ||
| 12. | Type of Reporting Person (See Instructions) (IN) | ||
____________
| ** | Denotes less than. |
This Amendment No. 4 (the “Amendment”) amends the Schedule 13G (the “Original 13G”) filed with the Securities and Exchange Commission (“SEC”) on
December 22, 2014 and amended on February 16, 2016, February 14, 2017 and February 14, 2018. Terms used herein and not defined herein shall have the meanings ascribed thereto in the Original 13G, as amended. This is the final amendment to the
Original 13G and an exit filing with respect to each of the Reporting Persons listed in
Item 2(a).
| Item 1. | (a) | Name of Issuer |
| LPL Financial Holdings Inc. | ||
| (b) | Address of Issuer’s Principal Executive Offices | |
| 75 State Street, Boston, Massachusetts 02109 | ||
| Item 2. | (a) | Name of Person Filing |
| SPO Partners II, L.P., a Delaware limited partnership (“SPO”), SPO Advisory Partners, L.P., a Delaware limited partnership (“SPO Advisory
Partners”), San Francisco Partners, L.P., a California limited partnership (“SFP”), SF Advisory Partners, L.P., a Delaware limited partnership (“SF Advisory Partners”), SPO Advisory Corp., a Delaware corporation (“SPO Advisory Corp.”),
John H. Scully (“JHS”), Phoebe Snow Foundation, Inc., a California corporation (“PSF”), Eli J. Weinberg (“EJW”) and Ronak R. Gandhi (“RRG”) are sometimes hereinafter referred to as the “Reporting Persons.” | ||
| The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section
13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Act”), although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists. | ||
| (b), (c) | Address of Principal Business Office or, if None, Residence; Citizenship of Reporting Persons | |
| The principal business address of SPO is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. SPO is a Delaware limited
partnership. | ||
| The principal business address of SPO Advisory Partners is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. SPO
Advisory Partners is a Delaware limited partnership. | ||
| The principal business address of SFP is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. SFP is a California limited
partnership. | ||
| The principal business address of SF Advisory Partners is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. SF Advisory
Partners is a Delaware limited partnership. | ||
| The principal business address of SPO Advisory Corp. is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. SPO Advisory
Corp. is a Delaware corporation. | ||
| The principal business address of JHS is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. JHS is a citizen of the
United States of America. | ||
| The principal business address of PSF is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. PSF is a California
corporation. | ||
| The principal business address of EJW is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. EJW is a citizen of the
United States of America. | ||
| The principal business address of RRG is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. RRG is a citizen of the
United States of America. | ||
| (d) | Title of Class of Securities | |
| Common Stock, par value $0.001 per share | ||
| (e) | CUSIP Number: | |
| 50212V100 |
| Item 3. | Statement filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c): |
| Not Applicable. | |
| Item 4. | Ownership. |
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified
in Item 1. |
| (b) | (a) | (c)(i) | (c)(ii) | (c)(iii) | (c)(iv) | |
| Common Shares | ||||||
| Voting Power | Disposition Power | |||||
| Reporting Persons | Percent of Class | Beneficially Owned | Sole | Shared | Sole | Shared |
| SPO Partners II, L.P. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| SPO Advisory Partners, L.P. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| San Francisco Partners, L.P. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| SF Advisory Partners, L.P. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| SPO Advisory Corp. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| John H. Scully | 0.0% | 0 | 0 | 0 | 0 | 0 |
| Phoebe Snow Foundation, Inc. | 0.0% | 0 | 0 | 0 | 0 | 0 |
| Eli J. Weinberg | 0.0% | 0 | 0 | 0 | 0 | 0 |
| Ronak R. Gandhi | **0.1% | 120 | 120 | 0 | 120 | 0 |
_______________
| ** | Denotes less than |
| Item 5. | Ownership of Five Percent or Less of a Class. |
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class of securities, check the following ☒. | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
| No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds
from, or other proceeds from the sale of, the common shares held by the Reporting Persons. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or
Control Person. |
| Not Applicable. | |
| Item 8. | Identification and Classification of Members of the Group. |
| Not Applicable. | |
| Item 9. | Notice of Dissolution of Group. |
| Not Applicable. | |
| Item 10. | Certification. |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or
effect, other than activities solely in connection with a nomination under § 240.14a-11. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this
statement is true, complete and correct.
| December 14, 2018 | ||
| Date | ||
| /s/ Kim M. Silva | ||
| Signature | ||
| Kim M. Silva | ||
| Attorney-in-fact for: | ||
| SPO Partners II, L.P. (1) | ||
| SPO Advisory Partners, L.P. (1) | ||
| San Francisco Partners, L.P. (1) | ||
| SF Advisory Partners, L.P. (1) | ||
| SPO Advisory Corp. (1) | ||
| John H. Scully (1) | ||
| Phoebe Snow Foundation, Inc. (1) | ||
| Eli J. Weinberg (1) | ||
| Ronak R. Gandhi (2) |
| (1) | A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission on December
22, 2014. |
| (2) | A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission on February
14, 2017. |
EXHIBIT INDEX
| Exhibit | Document Description |
| A | Agreement Pursuant to Rule 13d-1(k) |
| B | Power of Attorney (previously filed on December 22, 2014) |
| C | Power of Attorney (previously filed on February 14, 2017) |
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