0001127602-22-015911.txt : 20220527
0001127602-22-015911.hdr.sgml : 20220527
20220527191628
ACCESSION NUMBER: 0001127602-22-015911
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220525
FILED AS OF DATE: 20220527
DATE AS OF CHANGE: 20220527
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ARMSTRONG ANNIE
CENTRAL INDEX KEY: 0001816970
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36771
FILM NUMBER: 22979875
MAIL ADDRESS:
STREET 1: C/O LENDINGCLUB CORPORATION
STREET 2: 595 MARKET ST. #200
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LendingClub Corp
CENTRAL INDEX KEY: 0001409970
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 595 MARKET STREET
STREET 2: SUITE 200
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 415-632-5600
MAIL ADDRESS:
STREET 1: 595 MARKET STREET
STREET 2: SUITE 200
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2022-05-25
0001409970
LendingClub Corp
LC
0001816970
ARMSTRONG ANNIE
C/O LENDINGCLUB CORPORATION
595 MARKET ST., #200
SAN FRANCISCO
CA
94105
1
Chief Risk Officer
Common Stock
2022-05-25
4
M
0
23777
0
A
97546
D
Common Stock
2022-05-25
4
M
0
36058
0
A
133604
D
Common Stock
2022-05-25
4
M
0
5487
0
A
139091
D
Common Stock
2022-05-25
4
M
0
4279
0
A
143370
D
Common Stock
2022-05-26
4
S
0
33108
14.07
D
110262
D
Common Stock
2022-05-27
4
S
0
2027
15.00
D
108235
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
23777
0
D
Common Stock
23777
190218
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
36058
0
D
Common Stock
36058
108174
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
5487
0
D
Common Stock
5487
38410
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
4279
0
D
Common Stock
4279
47071
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 2014 Equity Incentive Plan to require the satisfaction of tax withholding obligations with respect to the Reporting Person 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 $13.91 to $14.25. 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.
This transaction was effected pursuant to a Rule 10b5-1 trading plan.
The RSUs vested as to 25% of the total shares on May 25, 2021, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
Not applicable.
The RSUs vested as to 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.
The RSUs vested as to 8.33% of the total shares on May 25, 2021, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
The RSUs vested as to 8.33% of the total shares on May 25, 2022, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
/s/ Bhavit Sheth, attorney-in-fact
2022-05-27