Scott Seese - 14 Jun 2021 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Gregory M. Woods, attorney-in-fact
Issuer symbol
LPLA
Transactions as of
14 Jun 2021
Net transactions value
-$921,546
Form type
4
Filing time
16 Jun 2021, 17:22:12 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Gift $0 -1,415 -5.5% $0.000000 24,179 14 Jun 2021 Direct F1
transaction LPLA Common Stock Options Exercise $820,126 +12,521 +52% $65.50 36,700 14 Jun 2021 Direct
transaction LPLA Common Stock Sale $1,741,671 -12,521 -34% $139.10 24,179 14 Jun 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPLA Option to purchase Common Stock Options Exercise $0 -12,521 -97% $0.000000 329 14 Jun 2021 Common Stock 12,521 $65.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a charitable gift of securities by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.00 to $139.69, 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 (2) to this Form 4.
F3 Consists of (i) 16,957 shares of Common Stock; (ii) 1,364 restricted stock units that vest in full on February 25, 2022; (iii) 2,910 restricted stock units that vest ratably on each of February 25, 2022 and February 25, 2023; and (iv) 2,948 restricted stock units that vest ratably on each of February 25, 2022, February 25, 2023 and February 25, 2024.
F4 This option became exercisable in three installments, beginning February 23, 2019, which was the first anniversary of the date on which it was granted. The option became fully vested on February 23, 2021.

Remarks:

The signatory is signing on behalf of Scott Seese pursuant to a Power of Attorney dated July 12, 2017.