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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Forward Subscription Contract (call-equivalent position) (1) | $ 19.08 | 11/14/2006 | J(2)(3) | 1 | (4) | (4) | Common Stock | 27,000,000 | $ 0 | 1 | I | See footnote. (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TORONTO DOMINION BANK TORONTO DOMINION CENTRE, P.O. BOX 1 TORONTO, ONTARIO M5K IA2 |
X |
/s/ Norie Campbell | 11/15/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | On September 14, 2006, a subsidiary of The Toronto-Dominion Bank ("TD") entered into an agreement with an entity sponsored by Royal Bank of Canada ("RBC") for the purpose of providing TD a financial hedge in the event that the trading price of the common stock, par value $0.01 per share (the "TD Ameritrade Common Stock"), of TD Ameritrade Holding Corporation ("TD Ameritrade") is higher during a measurement period expected to occur during TD's second fiscal quarter of 2009 than the price set forth in column 2 above. |
(2) | The arrangement entered into between the TD subsidiary and the RBC-sponsored entity provides a hedge to TD in respect of 27 million shares of TD Ameritrade Common Stock. The number of shares of TD Ameritrade Common Stock subject to the arrangement was determined based on market conditions over a specified hedging establishment period, during which individual hedging arrangements were entered into on a regular basis pursuant to a pre-determined algorithm. The price against which the 2009 measurement period price will be measured for purposes of the arrangement will be $19.08, subject to adjustment in certain circumstances. |
(3) | In the event the price of the TD Ameritrade Common Stock as measured during the 2009 measurement period is higher than $19.08, the RBC-sponsored entity will be required to pay the TD subsidiary a specified amount in cash related to that difference, and in the event the price of the TD Ameritrade Common Stock as measured during the 2009 measurement period is lower than $19.08, the TD subsidiary will be required to pay the RBC-sponsored entity a specified amount in cash related to that difference. The arrangement does not provide TD any right to acquire, or any voting, investment or other ownership rights with respect to, any shares of TD Ameritrade Common Stock. |
(4) | The arrangement is expected to be settled in TD's second fiscal quarter of 2009, subject to acceleration or early termination in certain circumstances. |
(5) | The arrangement described above was entered into by TD Discount Brokerage Hedging LLC, a wholly-owned subsidiary of TD. |