Filing Details

Accession Number:
0001397911-22-000128
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-19 17:02:11
Reporting Period:
2022-08-17
Accepted Time:
2022-08-19 17:02:11
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
1487487 H. Dan Arnold C/O Lpl Financial Holdings Inc.
4707 Executive Drive
San Diego CA 92121
President & Ceo Yes 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 2022-08-17 11,391 $39.48 173,999 No 4 M Direct
Common Stock Disposition 2022-08-17 8,760 $230.28 165,239 No 4 S Direct
Common Stock Disposition 2022-08-17 2,531 $231.77 162,708 No 4 S Direct
Common Stock Disposition 2022-08-17 100 $232.05 162,608 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S 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 2022-08-17 11,391 $0.00 11,391 $39.48
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
98,131 2027-03-13 No 4 M Direct
Footnotes
  1. The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2022.
  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, 2022.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.00 to $230.91, 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 $231.04 to $232.02, 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) 136,174.94 shares of Common Stock; (ii) 4,849 restricted stock units that vest in full on February 25, 2023; (iii) 9,829 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024; and (iv) 11,755 restricted stock units that vest ratably on each of February 25, 2023, February 25, 2024 and February 25, 2025.
  6. This option became exercisable in three installments, beginning March 13, 2018, which was the first anniversary of the date on which it was granted. The option became fully vested on March 13, 2020.