Filing Details

Accession Number:
0001127602-19-019385
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-21 19:28:35
Reporting Period:
2019-05-17
Accepted Time:
2019-05-21 19:28:35
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
1544567 G Mary Meeker C/O Lendingclub Corporation
595 Market St. #200
San Francisco CA 94105
Yes No 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 2019-05-17 350,500 $3.31 178,081 No 4 S Indirect By KPCB Holdings, Inc., As Nominee
Common Stock Disposition 2019-05-20 40,333 $3.25 137,748 No 4 S Indirect By KPCB Holdings, Inc., As Nominee
Common Stock Disposition 2019-05-21 137,748 $3.26 0 No 4 S Indirect By KPCB Holdings, Inc., As Nominee
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By KPCB Holdings, Inc., As Nominee
No 4 S Indirect By KPCB Holdings, Inc., As Nominee
No 4 S Indirect By KPCB Holdings, Inc., As Nominee
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 15,198 Direct
Common Stock 312,855 Direct
Footnotes
  1. This transaction was executed in multiple trades during the day at prices ranging from $3.26 to $3.36. 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.
  2. The reporting person is a managing member of KPCB DGF Associates, LLC, which is the managing member of KPCB Digital Growth Fund, LLC ("KPCB Growth") and KPCB DGF Founders Fund, LLC ("KPCB FF"). KPCB Holdings, Inc., as nominee, holds the stock for the account of KPCB Growth and KPCB FF. The reporting person may be deemed to share voting and investment power over the securities held by KPCB Growth and KPCB FF. The reporting person disclaims beneficial ownership over such securities except to the extent of her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
  3. This transaction was executed in multiple trades during the day at prices ranging from $3.25 to $3.33. 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. This transaction was executed in multiple trades during the day at prices ranging from $3.25 to $3.30. 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.
  5. Represents the unvested portion of the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on May 31, 2018, subject to continued service through each vesting date.