Filing Details
- Accession Number:
- 0001127602-17-009357
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-01 17:32:40
- Reporting Period:
- 2017-02-25
- Filing Date:
- 2017-03-01
- Accepted Time:
- 2017-03-01 17:32:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1409970 | Lendingclub Corp | LC | Services-Business Services, Nec (7389) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1692844 | Timothy Bogan | C/O Lendingclub Corporation 71 Stevenson Street, Suite 300 San Francisco CA 94105 | Chief Risk Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-02-25 | 610 | $0.00 | 20,061 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-25 | 5,574 | $0.00 | 25,635 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-25 | 22,645 | $0.00 | 48,280 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-02-27 | 10,437 | $5.66 | 37,843 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit (RSU) | Disposition | 2017-02-25 | 610 | $0.00 | 610 | $0.00 |
| Common Stock | Restricted Stock Unit (RSU) | Disposition | 2017-02-25 | 5,574 | $0.00 | 5,574 | $0.00 |
| Common Stock | Restricted Stock Unit (RSU) | Disposition | 2017-02-25 | 22,645 | $0.00 | 22,645 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,876 | 2025-02-25 | No | 4 | M | Direct | |
| 66,885 | 2026-02-26 | No | 4 | M | Direct | |
| 317,030 | 2026-08-25 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit (RSU) | $0.00 | 2026-05-11 | 122,550 | 122,550 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2026-05-11 | 122,550 | 122,550 | Direct |
Footnotes
- Represents the conversion upon vesting of restricted stock units into common stock. Such restricted stock units were previously reported in Table II.
- Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans torequire the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- This transaction was executed in multiple trades during the day at prices ranging from $5.64 to $5.68. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The restricted stock units vested as to 6.25% of the total shares on May 25, 2015, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The restricted stock units vested as to 6.25% of the total shares on May 25, 2016, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of theunit, one share of the Issuer's common stock. The restricted stock units vested as to 6.25% of the total shares on November 25, 2016, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- Represents a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The restricted stock units are scheduled to vest as to 100% of the total shares after one year from the vesting commencement date May 11, 2016.
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