X0306
4
2017-06-02
0
0001397911
LPL Financial Holdings Inc.
LPLA
0001606128
Morrissey William P. Jr.
C/O LPL FINANCIAL HOLDINGS INC.
75 STATE STREET, 22ND FLOOR
BOSTON
MA
02109
0
1
0
0
Managing Director
Common Stock
2017-06-02
4
M
0
32150
21.60
A
49691
D
Common Stock
2017-06-02
4
S
0
32150
39.34
D
17541
D
Option to purchase Common Stock
21.6
2017-06-02
4
M
0
32150
0
D
2017-06-07
Common Stock
32150.0
0
D
The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $39.23 to $39.55, 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 (1) to this Form 4.
Consists of (i) 5,831 shares of Common Stock; (ii) 666 restricted stock units that vest in full on March 6, 2018; (iii) 4,465 restricted stock units that vest ratably on each of February 25, 2018 and February 25, 2019; (iv) 3,111 restricted stock units that vest in full on February 25, 2019; and (v) 3,468 restricted stock units that vest ratably on each of March 13, 2018, March 13, 2019 and March 13, 2020.
This option became exercisable in five equal installments, beginning on June 7, 2008, which was the first anniversary of the date on which it was granted. The option became fully vested on June 7, 2012.
The signatory is signing on behalf of William P. Morrissey, Jr. pursuant to a Power of Attorney dated August 14, 2015.
/s/ Gregory M. Woods, attorney-in-fact
2017-06-05