0001127602-17-008973.txt : 20170228
0001127602-17-008973.hdr.sgml : 20170228
20170228180101
ACCESSION NUMBER: 0001127602-17-008973
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170224
FILED AS OF DATE: 20170228
DATE AS OF CHANGE: 20170228
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LendingClub Corp
CENTRAL INDEX KEY: 0001409970
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 71 STEVENSON ST.
STREET 2: 3RD FL.
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94115
BUSINESS PHONE: 415-632-5666
MAIL ADDRESS:
STREET 1: 71 STEVENSON ST.
STREET 2: 3RD FL.
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94115
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BHANDARI SANDEEP
CENTRAL INDEX KEY: 0001651479
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36771
FILM NUMBER: 17649889
MAIL ADDRESS:
STREET 1: 71 STEVENSON STREET SUITE 300
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-02-24
0001409970
LendingClub Corp
LC
0001651479
BHANDARI SANDEEP
71 STEVENSON STREET, SUITE 300
SAN FRANCISCO
CA
94105
1
Chief Credit Officer
Common Stock
2017-02-25
4
M
0
17901
0
A
49959
D
Common Stock
2017-02-26
4
M
0
6676
0
A
56635
D
Common Stock
2017-02-27
4
S
0
8898
5.6583
D
47737
D
Restricted Stock Unit (RSU)
0
2017-02-24
4
A
0
91744
0
A
2027-02-24
Common Stock
91744
91744
D
Restricted Stock Unit (RSU)
0
2017-02-25
4
M
0
17901
0
D
2026-09-26
Common Stock
17901
250614
D
Restricted Stock Unit (RSU)
0
2017-02-26
4
M
0
6676
0
D
2025-08-26
Common Stock
6676
66764
D
Restricted Stock Unit (RSU)
0
2026-05-11
Common Stock
122550
122550
D
Represents the conversion upon vesting of restricted stock units into common stock. Such restricted stock units were previously reported in Table II.
Represents the conversion upon vesting of restricted stock units into common stock. Such restricted stock units were previously reported in Table II.
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.
This transaction was executed in multiple trades during the day at prices ranging from $5.64 to $5.685. 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.
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 on May 25, 2017, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
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 vested 6.25% of the total shares on November 25, 2016, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
Represents the remaining unvested portion of 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 vested as to 25% of the total shares on August 26, 2016, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
Represents the remaining unvested portion of 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% on May 11, 2017.
Restricted stock units were previously reported in Table I as common stock with the applicable vesting terms. Restricted stock units will now be reported in Table II.
/s/ Sandeep Bhandari
2017-02-28