Filing Details

Accession Number:
0001127602-17-019758
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-05-30 18:40:08
Reporting Period:
2017-05-25
Filing Date:
2017-05-30
Accepted Time:
2017-05-30 18:40:08
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
1675009 Sameer Gulati 71 Stevenson Street, Suite 300
San Francisco CA 94105
Chief Operations 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 2017-05-25 15,724 $0.00 121,898 No 4 M Direct
Common Stock Acquisiton 2017-05-25 228,833 $0.00 350,731 No 4 M Direct
Common Stock Acquisiton 2017-05-25 17,201 $0.00 367,932 No 4 M Direct
Common Stock Disposition 2017-05-26 125,555 $5.64 242,377 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 2017-05-25 15,724 $0.00 15,724 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2017-05-25 228,833 $0.00 228,833 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2017-05-25 17,201 $0.00 17,201 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
566,104 2026-05-26 No 4 M Direct
0 2026-05-26 No 4 M Direct
258,029 2027-02-24 No 4 M Direct
Footnotes
  1. Represents the conversion upon vesting of restricted stock units into common stock. Such restricted stock units were previously reported in Table II.
  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. This transaction was executed in multiple trades during the day at prices ranging from $5.61 to $5.7201. 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.
  4. 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 2.08% of the total shares monthly over a four-year period, beginning on May 25, 2016, subject to continued service through each vesting date.
  5. The award is fully vested as of May 25, 2017.
  6. 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 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.