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Filing Details

Accession Number:: 0001209191-14-075919
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-12-16 17:09:15
Reporting Period:: 2014-12-16

Filing Date:: 2014-12-16
Accepted Time:: 2014-12-16 17:09:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1409970	Lendingclub Corp	LC	Finance Services (6199)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1327625	Canaan Vii Lp	285 Riverside Ave., Suite 250 Westport CT 06880		Yes	No	Yes	No
1514133	Canaan Partners Vii Llc	285 Riverside Ave., Suite 250 Westport CT 06880		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-12-16	27,403,488	$0.00	27,403,488	No	4	C	Direct
Common Stock	Acquisiton	2014-12-16	5,339,096	$0.00	32,742,584	No	4	C	Direct
Common Stock	Acquisiton	2014-12-16	12,038,400	$0.00	44,780,984	No	4	C	Direct
Common Stock	Acquisiton	2014-12-16	3,800,044	$0.00	48,581,028	No	4	C	Direct
Common Stock	Acquisiton	2014-12-16	469,484	$0.27	49,050,512	No	4	X	Direct
Common Stock	Disposition	2014-12-16	3,400,000	$15.00	45,650,512	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2014-12-16	27,403,488	$0.00	27,403,488	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2014-12-16	5,339,096	$0.00	5,339,096	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2014-12-16	12,038,400	$0.00	12,038,400	$0.00
Common Stock	Series D Convertible Preferred Stock	Disposition	2014-12-16	3,800,044	$0.00	3,800,044	$0.00
Series A Convertible Preferred Stock	Series A Convertible Preferred Stock Warrant (right to buy)	Disposition	2014-12-16	469,484	$0.00	469,484	$0.27
Common Stock	Common Stock Warrant (right to buy)	Acquisiton	2014-12-16	469,484	$0.00	469,484	$0.27
Common Stock	Common Stock Warrant (right to buy)	Disposition	2014-12-16	469,484	$0.00	469,484	$0.27

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Direct
0		No	4	C	Direct
0		No	4	C	Direct
0		No	4	C	Direct
0	2015-01-24	No	4	C	Direct
469,484	2015-01-24	No	4	C	Direct
0	2015-01-24	No	4	X	Direct

Footnotes

Each share of the issuer's Series A Convertible Preferred Stock converted into one (1) share of the issuer's Common Stock on December 16, 2014 in connection with the closing of the issuer's sale of its Common Stock in its firm commitment initial public offering (the "IPO") pursuant to a registration statement on Form S-1 (File No. 333-198393) under the Securities Act of 1933, as amended (the "Registration Statement"), and had no expiration date.
The shares are held directly by Canaan VII L.P. (the "Canaan Fund"). Canaan Partners VII LLC ("Canaan VII" and, together with the Canaan Fund, the "Canaan Entities") is the sole general partner of the Canaan Fund, and each may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. Daniel Ciporin, an officer of Canaan VII, serves as the representative of the Canaan Entities on the issuer's board of directors. Investment and voting decisions with respect to the shares held by the Canaan Fund are made by the managers of Canaan VII, collectively, and no manager of Canaan VII has beneficial ownership of any shares held by the Canaan Fund.
Each share of the issuer's Series B Convertible Preferred Stock converted into one (1) share of the issuer's Common Stock on December 16, 2014 in connection with the closing of the issuer's sale of its Common Stock in the IPO pursuant to the Registration Statement, and had no expiration date.
Each share of the issuer's Series C Convertible Preferred Stock converted into one (1) share of the issuer's Common Stock on December 16, 2014 in connection with the closing of the issuer's sale of its Common Stock in the IPO pursuant to the Registration Statement, and had no expiration date.
Each share of the issuer's Series D Convertible Preferred Stock converted into one (1) share of the issuer's Common Stock December 16, 2014 in connection with the closing of the issuer's sale of its Common Stock in the IPO pursuant to the Registration Statement, and had no expiration date.
In connection with the closing of the IPO, the warrant was converted into a warrant to purchase an equivalent number of shares of the issuer's Common Stock.
Fully exercisable on date of issuance.