LendingClub Corp 4
4 · LendingClub Corp · Filed Aug 24, 2015
Insider Transaction Report
Form 4
Crowe Jeffrey
Director10% Owner
Transactions
- Other
Common Stock
2015-08-20$12.34/sh−29,393$362,710→ 30,974,838 total(indirect: By Partnership)
Holdings
- 11,717
Common Stock
Footnotes (4)
- [F1]Represents the 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 100% on June 10, 2016.
- [F2]Shares were disposed of via a Rule 144 sale of securities.
- [F3]These securities consist of 26,315 shares disposed of by the Crowe Family Trust, 12/22/88 and the Laura Bassell Crowe Irrevocable Trust I, the Katherine Bassell Crowe Irrevocable Trust I and the Molly Bassell Crowe Irrevocable Trust I each disposed of 1,026 shares.
- [F4]These securities consist of 136,822 shares beneficially owned by the Crowe Family Trust, 12/22/88 and the Laura Bassell Crowe Irrevocable Trust I, the Katherine Bassell Crowe Irrevocable Trust I, and the Molly Bassell Crowe Irrevocable Trust I each beneficially owned 5,332 shares. The remaining 30,822,020 shares are beneficially 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. Crowe may be deemed to share voting and dispositive power with respect to such securities. Mr. Crowe disclaims beneficial ownership of all such securities, except to the extent of any pecuniary interest therein.