LendingClub Corp 4
4 · LendingClub Corp · Filed Nov 14, 2016
Insider Transaction Report
Form 4
MacIlwaine John
Chief Technology Officer
Transactions
- Sale
Common Stock
2016-11-10$5.60/sh−25,000$139,968→ 384,308 total - Exercise/Conversion
Common Stock
2016-11-11$0.69/sh+25,000$17,375→ 411,470 total - Exercise/Conversion
Common Stock
2016-11-10$0.69/sh+25,000$17,375→ 409,308 total - Sale
Common Stock
2016-11-11$5.87/sh−25,000$146,805→ 386,470 total - Exercise/Conversion
Stock Option (right to buy)
2016-11-10−25,000→ 764,740 totalExercise: $0.69Exp: 2022-10-16→ Common Stock (25,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2016-11-11−25,000→ 739,740 totalExercise: $0.69Exp: 2022-10-16→ Common Stock (25,000 underlying)
Footnotes (5)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2016.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $5.545 to $5.64. 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.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $5.725 to $6.01. 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.
- [F4]Includes 2,162 shares acquired on November 10, 2016 under the LendingClub Corporation 2014 Employee Stock Purchase Plan.
- [F5]In connection with a domestic relations settlement and the acceleration of certain of the option shares, which modified the option's original vesting schedule, the option vested as to the total shares granted (the "total shares") as follows: (i) 5.68% on July 19, 2013, (ii) 22.73% on July 31, 2013, (iii) 4.23% on October 31, 2013, (iv) 7.10% on each of January 31, 2014 and January 31, 2015, (v) 4.01% on April 30, 2014, (vi) 6.25% on each of July 31, 2014, April 30, 2015 and July 31, 2015, (vii) 5.4% on October 31, 2014; and will vest as to the total shares as follows: (i) 5.40% on October 31, 2015, (ii) 7.10% on January 31, 2016, (iii) 6.25% on each of April 30, 2016 and July 31, 2016; subject to continued service through each vesting date.