Ciporin Daniel T 4
4 · LendingClub Corp · Filed Aug 18, 2017
Insider Transaction Report
Form 4
Ciporin Daniel T
Director
Transactions
- Purchase
Common Stock
2017-08-17$5.92/sh+10,000$59,169→ 1,014,809 total
Holdings
- 35,336
Common Stock
- 48,272(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]This transaction was executed in multiple trades during the day at prices ranging from $5.91 to $5.9188. 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.
- [F2]Represents the annual equity award of restricted stock units to each non-employee director pursuant to the approved non-employee director compensation plan. The award is made 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 25% of the total shares quarterly, over a one-year period, beginning on June 6, 2017, subject to continued service through each vesting date.
- [F3]The shares are held of record by Jill Ciporin, Trustee of Daniel Ciporin 2014 Family Trust. The reporting person's spouse is a trustee of the trust and the reporting person shares investment power over the shares held by the trust.