LendingClub Corp 4
4 · LendingClub Corp · Filed Aug 17, 2015
Insider Transaction Report
Form 4
Howard Matthew D.
10% Owner
Transactions
- Other
Common Stock
2015-08-13−9,735,865→ 31,086,155 total(indirect: By Partnership)
Footnotes (2)
- [F1]Shares were disposed of via a pro rata in-kind distribution of Issuer's stock from Norwest Venture Partners X, LP ("NVP X") to its limited and general partners and further distribution by Genesis VC Partners X, LLC ("Genesis X"), the general partner of NVP X, to its members.
- [F2]The NVP X and Genesis X distributions resulted in a change in the form of beneficial ownership so that following the distributions 246,135 shares were beneficially owned by TheHoward 2001 Revocable Trust UTD 12/18/01. The remaining 30,822,020 held of record by NVP X. By virtue of his position as a co-Chief Executive Officer of NVP Associates, LLC, the managing member of the general partner of NVP X, Mr. Howard may be deemed to share voting and dispositive power with respect to such securities. Mr. Howard disclaims beneficial ownership of all such securities, except to the extent of any pecuniary interest therein.