FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 08/02/2016 |
3. Issuer Name and Ticker or Trading Symbol
LendingClub Corp [ LC ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 21,358(1) | D | |
Common Stock | 57,861(2) | D | |
Common Stock | 57,209(3) | D | |
Common Stock | 56,307(4) | D | |
Common Stock | 3,160(5) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (6) | 12/18/2023 | Common Stock | 200,000 | $4.99 | D | |
Stock Option (right to buy) | (7) | 02/24/2024 | Common Stock | 120,000 | $4.99 | D |
Explanation of Responses: |
1. 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 6.25% of the total shares quarterly, over a four-year period, beginning on May 25, 2015 subject to continued employment through each vesting date. |
2. 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 6.25% of the total shares quarterly, over a four-year period, beginning on May 25, 2016 subject to continued employment through each vesting date. |
3. 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 100% of the total shares on May 25, 2017 subject to continued employment through each vesting date. |
4. 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 100% of the total shares on December 15, 2016 subject to continued employment through each vesting date. |
5. Shares acquired under the LendingClub Corporation 2014 Employee Stock Purchase Plan. |
6. These options were granted under the LendingClub Corporation 2007 Equity Incentive Plan. The option vests as to 25% of the total shares on December 16, 2014, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date |
7. These options were granted under the LendingClub Corporation 2007 Equity Incentive Plan. The option vests as to 6.25 % of the total shares on May 24, 2015, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date |
/s/ Bradley Coleman | 08/11/2016 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |