0001127602-17-026653.txt : 20170829
0001127602-17-026653.hdr.sgml : 20170829
20170829173947
ACCESSION NUMBER: 0001127602-17-026653
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170825
FILED AS OF DATE: 20170829
DATE AS OF CHANGE: 20170829
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: 171058831
MAIL ADDRESS:
STREET 1: 71 STEVENSON STREET SUITE 300
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
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
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-08-25
0001409970
LendingClub Corp
LC
0001651479
BHANDARI SANDEEP
71 STEVENSON STREET, SUITE 300
SAN FRANCISCO
CA
94105
1
Chief Credit Officer
Common Stock
2017-08-25
4
M
0
17901
0
A
80093
D
Common Stock
2017-08-25
4
M
0
5734
0
A
85827
D
Common Stock
2017-08-26
4
M
0
6676
0
A
92503
D
Common Stock
2017-08-29
4
S
0
16028
6.0692
D
76475
D
Restricted Stock Unit (RSU)
0
2017-08-25
4
M
0
17901
0
D
2026-09-26
Common Stock
17901
214812
D
Restricted Stock Unit (RSU)
0
2017-08-25
4
M
0
5734
0
D
2027-02-24
Common Stock
5734
80276
D
Restricted Stock Unit (RSU)
0
2017-08-26
4
M
0
6676
0
D
2025-08-26
Common Stock
6676
53411
D
Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
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 $6.035 to $6.11. 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.
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.
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.
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.
/s/ Sandeep Bhandari
2017-08-29