LendingClub Corp 4
4 · LendingClub Corp · Filed Jun 30, 2016
Insider Transaction Report
Form 4
Crowe Jeffrey
Director10% Owner
Transactions
- Award
Common Stock
2016-06-28+43,384→ 43,384 total
Holdings
- 13,344,178(indirect: See Footnote)
Common Stock
- 11,717
Common Stock
Footnotes (3)
- [F1]Represents 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 are scheduled to vest as to 25% of the total shares quarterly, over a one-year period, beginning on June 28, 2016, subject to continued service through each vesting date.
- [F2]Represents restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan that vested 100% on June 10, 2016.
- [F3]The securities shown on Line 3 of Table 1 consist of 483,914 shares beneficially owned by the Crowe Family Trust, 12/22/88, of which Mr. Crowe is a Trustee, and the Laura Bassell Crowe Irrevocable Trust I, the Katherine Bassell Crowe Irrevocable Trust I, and the Molly Bassell Crowe Irrevocable Trust I, of which Mr. Crowe is a Trustee, each beneficially owned 12,748 shares. The remaining 12,822,020 shares are beneficially held of record by Norwest Venture Partners X, LP. By virtue of his position as a co-Chief Executive Officer of NVP Associates, LLC, the managing member of Genesis VC Partners X, LLC. Mr. Crowe may be deemed to share voting and dispositive power with respect to such securities. Mr. Crowe disclaims beneficial ownership of all securities, except to the extent of any pecuniary interest therein.