Page 7 of 9 – SEC Filing This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) relates to the common stock, par value $0.01 per share (the “Common Stock”), of LendingClub Corporation, a Delaware corporation (the “Issuer”) and amends the Schedule 13D filed on May 23, 2016 (the “Original Schedule 13D” and, together with this Amendment No. 1, the “Schedule 13D”). Capitalized terms used and not defined in this Amendment No. 1 have the meanings set forth in the Original Schedule 13D. This Amendment No. 1 is being filed to amend Item 3, Item 5, and Item 7 of the Schedule 13D as follows: Item 3. Source and Amount of Funds or Other Consideration Item 3 of the Schedule 13D is amended and restated to read as follows: The aggregate purchase price for 57,739,270 shares of Common Stock (the “Shares”) beneficially owned by the Reporting Persons was $279,497,770, inclusive of (i) commissions paid and (ii) with respect to Shares beneficially owned through options that have been exercised, the exercise price of such options, plus the premiums paid for call options (to the extent such options were call options) less the premiums received for put options (to the extent such options were put options). Such purchase price was funded through internally generated funds of the Shanda Group. Item 5. Interest in Securities of the Issuer Item 5 of the Schedule 13D is amended and restated to read as follows: The information set forth in Items 2, 3 and 4 herein is incorporated herein by reference. (a) – (b) Shanda Asset Management Holdings Limited holds 57,739,270 shares of Common Stock, representing approximately 15.13% of the outstanding shares of Common Stock of the Issuer. The foregoing percentage is calculated based on 381,621,026 shares of Common Stock of the Issuer outstanding as of April 29, 2016. Mr. Chen, through his ownership of Shanda Media Limited, may be deemed to share voting and dispositive power over the Shares and any shares subject to any call options (the “Option Shares”, together with the Shares, the “Securities””) beneficially owned by Shanda Media Limited. Shanda Media Limited, through its ownership of Premium Lead Company Limited, may be deemed to share voting and dispositive power over the Securities beneficially owned by Premium Lead Company Limited. Premium Lead Company Limited, through its ownership of Shanda Technology Overseas Capital Company Limited, may be deemed to share voting and dispositive power over the Securities beneficially owned by Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited, through its ownership of Shanda Asset Management Holdings Limited, may be deemed to share voting and dispositive power over the Securities directly held by Shanda Asset Management Holdings Limited. None of the Reporting Persons beneficially owns any Option Shares as of the date of this Amendment No. 1. Except as set forth in Item 5(a), none of the Reporting Persons, and, to the best of their knowledge, any persons named in Schedule A hereto owns beneficially any Common Stock of the Issuer. (c) Set forth on Exhibit 2 hereto are all transactions in the securities of the Issuer effected during the past sixty days by the Reporting Persons, inclusive of any transactions effected through 9:30am, New York City time, on June 20, 2016. (d) Inapplicable. (e) Inapplicable. Item 7. Material to be Filed as Exhibits Exhibit 2: Transactions in the Securities effected in the past 60 days.
This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) relates to the common stock, par value $0.01 per share (the “Common Stock”), of LendingClub Corporation, a Delaware corporation (the “Issuer”) and amends the Schedule 13D filed on May 23, 2016 (the “Original Schedule 13D” and, together with this Amendment No. 1, the “Schedule 13D”). Capitalized terms used and not defined in this Amendment No. 1 have the meanings set forth in the Original Schedule 13D.
This Amendment No. 1 is being filed to amend Item 3, Item 5, and Item 7 of the Schedule 13D as follows:
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is amended and restated to read as follows:
The aggregate purchase price for 57,739,270 shares of Common Stock (the “Shares”) beneficially owned by the Reporting Persons was $279,497,770, inclusive of (i) commissions paid and (ii) with respect to Shares beneficially owned through options that have been exercised, the exercise price of such options, plus the premiums paid for call options (to the extent such options were call options) less the premiums received for put options (to the extent such options were put options). Such purchase price was funded through internally generated funds of the Shanda Group.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is amended and restated to read as follows:
The information set forth in Items 2, 3 and 4 herein is incorporated herein by reference.
(a) – (b)
Shanda Asset Management Holdings Limited holds 57,739,270 shares of Common Stock, representing approximately 15.13% of the outstanding shares of Common Stock of the Issuer. The foregoing percentage is calculated based on 381,621,026 shares of Common Stock of the Issuer outstanding as of April 29, 2016.
Mr. Chen, through his ownership of Shanda Media Limited, may be deemed to share voting and dispositive power over the Shares and any shares subject to any call options (the “Option Shares”, together with the Shares, the “Securities””) beneficially owned by Shanda Media Limited. Shanda Media Limited, through its ownership of Premium Lead Company Limited, may be deemed to share voting and dispositive power over the Securities beneficially owned by Premium Lead Company Limited. Premium Lead Company Limited, through its ownership of Shanda Technology Overseas Capital Company Limited, may be deemed to share voting and dispositive power over the Securities beneficially owned by Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited, through its ownership of Shanda Asset Management Holdings Limited, may be deemed to share voting and dispositive power over the Securities directly held by Shanda Asset Management Holdings Limited. None of the Reporting Persons beneficially owns any Option Shares as of the date of this Amendment No. 1.
Except as set forth in Item 5(a), none of the Reporting Persons, and, to the best of their knowledge, any persons named in Schedule A hereto owns beneficially any Common Stock of the Issuer.
(c) Set forth on Exhibit 2 hereto are all transactions in the securities of the Issuer effected during the past sixty days by the Reporting Persons, inclusive of any transactions effected through 9:30am, New York City time, on June 20, 2016.
(d) Inapplicable.
(e) Inapplicable.
Item 7. Material to be Filed as Exhibits
Exhibit 2: Transactions in the Securities effected in the past 60 days.
Follow Lendingclub Corp (NYSE:LC)
Follow Lendingclub Corp (NYSE:LC)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
