0001127602-22-015919.txt : 20220527 0001127602-22-015919.hdr.sgml : 20220527 20220527192911 ACCESSION NUMBER: 0001127602-22-015919 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: Kay Valerie CENTRAL INDEX KEY: 0001740868 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36771 FILM NUMBER: 22979916 MAIL ADDRESS: STREET 1: C/O LENDINGCLUB CORPORATION STREET 2: 71 STEVENSON ST, SUITE 1000 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 0001740868 Kay Valerie C/O LENDINGCLUB CORPORATION 595 MARKET ST. #200 SAN FRANCISCO CA 94105 1 Bank-Chief Capital Officer Common Stock 2022-05-25 4 M 0 7234 0 A 123789 D Common Stock 2022-05-25 4 M 0 4493 0 A 128282 D Common Stock 2022-05-25 4 M 0 6298 0 A 134580 D Common Stock 2022-05-25 4 M 0 18029 0 A 152609 D Common Stock 2022-05-25 4 M 0 5487 0 A 158096 D Common Stock 2022-05-25 4 M 0 4279 0 A 162375 D Common Stock 2022-05-26 4 S 0 22996 14.062 D 139379 D Restricted Stock Unit (RSU) 0 2022-05-25 4 M 0 7234 0 D Common Stock 7234 0 D Restricted Stock Unit (RSU) 0 2022-05-25 4 M 0 4493 0 D Common Stock 4493 13479 D Restricted Stock Unit (RSU) 0 2022-05-25 4 M 0 6298 0 D Common Stock 6298 44086 D Restricted Stock Unit (RSU) 0 2022-05-25 4 M 0 18029 0 D Common Stock 18029 54088 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 $14.24. 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 RSUs vested as to 6.25% of the total shares on August 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