4//SEC Filing
LendingClub Corp 4
Accession 0001127602-17-019744
$LCCIK 0001409970operating
Filed
May 29, 8:00 PM ET
Accepted
May 30, 6:19 PM ET
Size
21.2 KB
Accession
0001127602-17-019744
Insider Transaction Report
Form 4
Coleman Bradley
Principle Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2017-05-25+3,716→ 80,592 total - Exercise/Conversion
Common Stock
2017-05-25+57,209→ 137,801 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-05-25−57,209→ 0 totalExercise: $0.00Exp: 2026-05-26→ Common Stock (57,209 underlying) - Exercise/Conversion
Common Stock
2017-05-25+1,524→ 76,876 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-05-25−3,716→ 40,875 totalExercise: $0.00Exp: 2026-02-26→ Common Stock (3,716 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-05-25−16,984→ 220,789 totalExercise: $0.00Exp: 2026-08-25→ Common Stock (16,984 underlying) - Exercise/Conversion
Common Stock
2017-05-25+16,984→ 154,785 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-05-25−1,524→ 10,666 totalExercise: $0.00Exp: 2025-02-25→ Common Stock (1,524 underlying) - Sale
Common Stock
2017-05-26$5.71/sh−29,906$170,757→ 124,879 total
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 $5.6301 to $5.735. 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]The award is fully vested as of May 25, 2017.
- [F7]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.
Documents
Issuer
LendingClub Corp
CIK 0001409970
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001409970
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 6:19 PM ET
- Size
- 21.2 KB