Filing Details

Accession Number:
0001127602-22-026511
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-11-29 20:05:00
Reporting Period:
2022-11-25
Accepted Time:
2022-11-29 20:05:00
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1409970 Lendingclub Corp LC Personal Credit Institutions (6141) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1740868 Valerie Kay C/O Lendingclub Corporation
595 Market St. #200
San Francisco CA 94105
Bank-Chief Capital 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 2022-11-25 4,493 $0.00 160,796 No 4 M Direct
Common Stock Acquisiton 2022-11-25 6,298 $0.00 167,094 No 4 M Direct
Common Stock Acquisiton 2022-11-25 18,029 $0.00 185,123 No 4 M Direct
Common Stock Acquisiton 2022-11-25 5,487 $0.00 190,610 No 4 M Direct
Common Stock Acquisiton 2022-11-25 4,279 $0.00 194,889 No 4 M Direct
Common Stock Disposition 2022-11-28 22,392 $10.08 172,497 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 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 2022-11-25 4,493 $0.00 4,493 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2022-11-25 6,298 $0.00 6,298 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2022-11-25 18,029 $0.00 18,029 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2022-11-25 5,487 $0.00 5,487 $0.00
Common Stock Restricted Stock Unit (RSU) Disposition 2022-11-25 4,279 $0.00 4,279 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,493 No 4 M Direct
31,490 No 4 M Direct
18,030 No 4 M Direct
27,436 No 4 M Direct
38,513 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 2014 Equity Incentive Plan to require the satisfaction of tax withholding obligations with respect to the Reporting Person 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 $9.92 to $10.30. 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.
  4. The RSUs vested as to 6.25% of the total shares on May 25, 2019, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
  5. Not applicable.
  6. The RSUs vested as to 6.25% of the total shares on May 25, 2020, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
  7. The RSUs vested as to 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.
  8. The RSUs vested as to 8.33% of the total shares on May 25, 2021, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
  9. The RSUs vested as to 8.33% of the total shares on May 25, 2022, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.