0001127602-22-015914.txt : 20220527
0001127602-22-015914.hdr.sgml : 20220527
20220527192254
ACCESSION NUMBER: 0001127602-22-015914
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: Momen Ronnie
CENTRAL INDEX KEY: 0001747276
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36771
FILM NUMBER: 22979894
MAIL ADDRESS:
STREET 1: C/O LENDINGCLUB CORPORATION
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
0001747276
Momen Ronnie
C/O LENDINGCLUB CORPORATION
595 MARKET ST. #200
SAN FRANCISCO
CA
94105
1
Bank-Chief of Consumer Banking
Common Stock
2022-05-25
4
M
0
11393
0
A
131551
D
Common Stock
2022-05-25
4
M
0
5990
0
A
137541
D
Common Stock
2022-05-25
4
M
0
6717
0
A
144258
D
Common Stock
2022-05-25
4
M
0
19231
0
A
163489
D
Common Stock
2022-05-25
4
M
0
9754
0
A
173243
D
Common Stock
2022-05-25
4
M
0
10270
0
A
183513
D
Common Stock
2022-05-26
4
S
0
30134
14.0727
D
153379
D
Common Stock
2022-05-27
5
G
0
E
5454
0
D
147925
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
11393
0
D
Common Stock
11393
11394
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
5990
0
D
Common Stock
5990
17972
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
6717
0
D
Common Stock
6717
47026
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
19231
0
D
Common Stock
19231
57693
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
9754
0
D
Common Stock
9754
68284
D
Restricted Stock Unit (RSU)
0
2022-05-25
4
M
0
10270
0
D
Common Stock
10270
112970
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.
Transaction represents the transfer of 5,454 shares by the Reporting Person of Issuer common stock by bona fide gift.
The RSUs vested as to 6.25% of the total shares on November 25, 2018, 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 6.25% of the total shares on May 25, 2019, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
The RSUs vested as to 6.25% of the total shares on May 25, 2020, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
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