Filing Details

Accession Number:
0001127602-17-026663
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-08-29 18:51:59
Reporting Period:
2017-08-25
Accepted Time:
2017-08-29 17:51:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1409970 Lendingclub Corp LC () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1397362 Scott Sanborn C/O Lendingclub Corporation
71 Stevenson Street, Suite 300
San Francisco CA 94105
Ceo 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 2017-08-25 34,404 $0.00 958,074 No 4 M Direct
Common Stock Disposition 2017-08-28 18,150 $6.08 939,924 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2017-08-25 34,404 $0.00 34,404 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
481,652 2017-02-24 No 4 M Direct
Footnotes
  1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
  2. 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 to require 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.
  3. The restricted stock units are scheduled to vest 6.25% of the total shares on May 25, 2017, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.