Filing Details
- Accession Number:
- 0001127602-16-060401
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-08-16 17:15:50
- Reporting Period:
- 2016-08-12
- Filing Date:
- 2016-08-16
- Accepted Time:
- 2016-08-16 17:15:50
- 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 |
|---|---|---|---|---|---|---|---|
| 1625127 | Carrie Dolan | C/O Lendingclub Corporation 71 Stevenson Street, Suite 300 San Francisco CA 94105 | Chief Financial 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 | Disposition | 2016-08-12 | 20,577 | $5.35 | 848,128 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 220,000 | Indirect | By Carrie Dolan, As Trust Advisor Of Dolan Family 2014 Irrevocable Gst Exempt Trust |
| Common Stock | 1,672,381 | Indirect | By Paul L. Dolan And Carrie L. Dolan, Trustees Of Dolan Family Trust U/A Dtd 1/27/2003 |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | $0.10 | 2021-02-23 | 153,658 | 153,658 | Direct | |
| Common Stock | Stock Option (right to buy) | $0.70 | 2022-10-16 | 549,227 | 549,227 | Direct | |
| Common Stock | Stock Option (right to buy) | $4.99 | 2024-02-24 | 665,388 | 665,388 | Direct | |
| Common Stock | Stock Option (right to buy) | $8.41 | 2026-02-26 | 351,883 | 351,883 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-02-23 | 153,658 | 153,658 | Direct |
| 2022-10-16 | 549,227 | 549,227 | Direct |
| 2024-02-24 | 665,388 | 665,388 | Direct |
| 2026-02-26 | 351,883 | 351,883 | Direct |
Footnotes
- 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
- This transaction was executed in multiple trades during the day at prices ranging from $5.335 to $5.36. 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.
- Shares held of record by Carrie Dolan, as Trust Advisor of Dolan Family 2014 Irrevocable GST Exempt Trust.
- Shares held of record by Paul L. Dolan and Carrie L. Dolan, Trustees of Dolan Family Trust U/A DTD 1/27/2003.
- These option are fully vested
- The option vested as to 6.25% of the total shares on January 1, 2013, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- The option vests as to 6.25% of the total shares quarterly, beginning on May 24, 2015, subject to continued service through each vesting date.
- The option vests as to 6.25% of the total shares quarterly, beginning on May 25, 2016, subject to continued service through each vesting date.
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