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