4//SEC Filing
LendingClub Corp 4
Accession 0001127602-17-009363
$LCCIK 0001409970operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:35 PM ET
Size
19.4 KB
Accession
0001127602-17-009363
Insider Transaction Report
Form 4
Coleman Bradley
Principle Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2017-02-25+3,716→ 66,371 total - Sale
Common Stock
2017-02-27$5.66/sh−8,003$45,266→ 75,352 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-02-25−3,716→ 44,591 totalExercise: $0.00Exp: 2026-02-26→ Common Stock (3,716 underlying) - Exercise/Conversion
Common Stock
2017-02-25+16,984→ 83,355 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-02-25−1,524→ 12,190 totalExercise: $0.00Exp: 2025-02-25→ Common Stock (1,524 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-02-25−16,984→ 237,773 totalExercise: $0.00Exp: 2026-08-25→ Common Stock (16,984 underlying) - Exercise/Conversion
Common Stock
2017-02-25+1,524→ 62,655 total
Holdings
- 57,209
Restricted Stock Unit (RSU)
Exercise: $0.00Exp: 2026-05-26→ Common Stock (57,209 underlying)
Footnotes (7)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock. Such restricted stock units were previously reported in Table II.
- [F2]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.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $5.64 to $5.68. 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]Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. 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.
- [F5]Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. 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.
- [F6]Represents the remaining unvested portion of a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. 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.
- [F7]Represents a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The restricted stock units are scheduled to vest as to 100% of the total shares after one year from the vesting commencement date May 25, 2016.
Documents
Issuer
LendingClub Corp
CIK 0001409970
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001409970
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:35 PM ET
- Size
- 19.4 KB