Filing Details
- Accession Number:
- 0001127602-17-026657
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-08-29 18:45:13
- Reporting Period:
- 2017-08-25
- Accepted Time:
- 2017-08-29 17:45:13
- 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 | 2017-08-25 | 610 | $0.00 | 120,946 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-08-25 | 5,574 | $0.00 | 126,520 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-08-25 | 22,645 | $0.00 | 149,165 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-08-28 | 15,204 | $6.09 | 133,961 | 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 | 2017-08-25 | 610 | $0.00 | 610 | $0.00 |
| Common Stock | Restricted Stock Unit (RSU) | Disposition | 2017-08-25 | 5,574 | $0.00 | 5,574 | $0.00 |
| Common Stock | Restricted Stock Unit (RSU) | Disposition | 2017-08-25 | 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 |
|---|---|---|---|---|---|---|
| 3,657 | 2025-02-25 | No | 4 | M | Direct | |
| 55,738 | 2026-02-26 | No | 4 | M | Direct | |
| 271,740 | 2026-08-25 | No | 4 | M | Direct |
Footnotes
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- 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 $6.035 to $6.17. 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.
- 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.
- 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.
- 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.
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