LPL Financial (LPLA) Form 3 LPL Financial / Matthew Enyedi ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Enyedi Matthew

(Last) (First) (Middle)

C/O LPL FINANCIAL HOLDINGS INC.

75 STATE STREET, 22ND FLOOR

(Street)

BOSTON MA 02109

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2020

3. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Managing Director

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,697(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to purchase Common Stock	(2)	02/24/2024	Common Stock	2,312	54.81	D
Option to purchase Common Stock	(3)	03/06/2025	Common Stock	2,031	45.55	D
Option to purchase Common Stock	(3)	03/06/2025	Common Stock	4,515	45.55	D
Option to purchase Common Stock	(4)	02/25/2026	Common Stock	1,473	19.85	D
Option to purchase Common Stock	(5)	03/13/2027	Common Stock	10,554	39.48	D
Option to purchase Common Stock	(6)	02/23/2028	Common Stock	5,382	65.5	D
Option to purchase Common Stock	(7)	02/25/2029	Common Stock	5,653	77.53	D

Explanation of Responses:

1. Consists of (i) 670 restricted stock units that vest in full on March 13, 2020; (ii) 772 restricted stock units that vest ratably on February 23, 2020 and February 23, 2021; and (iii) 1,255 restricted stock units that vest ratably on February 25, 2020, February 25, 2021 and February 25, 2022.

2. This option became fully vested and exercisable on February 24, 2017.

3. These options became fully vested and exercisable on March 6, 2018.

4. This option became fully vested and exercisable on February 25, 2019.

5. This option is currently exercisable as to 7,036 shares. The remaining award will become vested and exercisable on March, 13, 2020.

6. This option is currently exercisable as to 1,794 shares. The award will vest ratably on February 23, 2020 and February 23, 2021.

7. This option is not currently exercisable as to any shares. The award will vest ratably on February 25, 2020, February 25, 2021 and February 25, 2022.

Remarks:

The signatory is signing on behalf of Matthew Enyedi pursuant to a Power of Attorney dated December 31, 2019, which is filed as Exhibit 24.1 to this filing.

	/s/ Gregory M. Woods, attorney-in-fact	01/10/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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