George Burton White - 07 Dec 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
07 Dec 2021
Net transactions value
-$2,770,367
Form type
4
Filing time
09 Dec 2021, 16:02:13 UTC
Previous filing
16 Jun 2021
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $299,929 +6,341 +14% $47.30 52,969 07 Dec 2021 Direct
transaction LPLA Common Stock Options Exercise $628,916 +15,930 +30% $39.48 68,899 07 Dec 2021 Direct
transaction LPLA Common Stock Sale $3,699,213 -22,271 -32% $166.10 46,628 07 Dec 2021 Direct F1, F2

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 -6,341 -100% $0.000000* 0 07 Dec 2021 Common Stock 6,341 $47.30 Direct F3
transaction LPLA Option to purchase Common Stock Options Exercise $0 -15,930 -100% $0.000000* 0 07 Dec 2021 Common Stock 15,930 $39.48 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.83 to $166.42, 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 (1) to this Form 4.
F2 Consists of (i) 41,215 shares of Common Stock; (ii) 988 restricted stock units that vest in full on February 25, 2022; (iii) 1,968 restricted stock units that vest ratably on each of February 25, 2022 and February 25, 2023; and (iv) 2,457 restricted stock units that vest ratably on each of February 25, 2022, February 25, 2023 and February 25, 2024.
F3 This option became exercisable in three installments, beginning on June 10, 2016, which was the first anniversary of the date on which it was granted. The option became fully vested on June 10, 2018.
F4 This option became exercisable in three installments, beginning on 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.

Remarks:

The signatory is signing on behalf of George Burton White pursuant to a Power of Attorney dated August 11, 2015.