LendingClub Corp 4
4 · LendingClub Corp · Filed Nov 30, 2016
Insider Transaction Report
Form 4
Coleman Bradley
Principle Accounting Officer
Transactions
- Sale
Common Stock
2016-11-28$5.81/sh−8,546$49,617→ 457,146 total
Footnotes (2)
- [F1]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.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $5.79 to $5.84. 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.