Dunne Patrick J 4
4 · LendingClub Corp · Filed Aug 29, 2017
Insider Transaction Report
Form 4
Dunne Patrick J
Chief Capital Officer
Transactions
- Sale
Common Stock
2017-08-28$6.08/sh−20,645$125,612→ 33,703 total - Exercise/Conversion
Common Stock
2017-08-25+54,348→ 54,348 total - Exercise/Conversion
Restricted Stock Unit (RSU)
2017-08-25−54,348→ 163,044 totalExercise: $0.00Exp: 2020-08-25→ Common Stock (54,348 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- [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 $6.035 to $6.17. 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]The restricted stock units are scheduled to vest as to 25% of the total shares on August 25, 2017, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date