0001127602-22-026511.txt : 20221129
0001127602-22-026511.hdr.sgml : 20221129
20221129200500
ACCESSION NUMBER: 0001127602-22-026511
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221125
FILED AS OF DATE: 20221129
DATE AS OF CHANGE: 20221129
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: 221434039
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
2022-11-25
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
2022-11-25
4
M
0
4493
0
A
160796
D
Common Stock
2022-11-25
4
M
0
6298
0
A
167094
D
Common Stock
2022-11-25
4
M
0
18029
0
A
185123
D
Common Stock
2022-11-25
4
M
0
5487
0
A
190610
D
Common Stock
2022-11-25
4
M
0
4279
0
A
194889
D
Common Stock
2022-11-28
4
S
0
22392
10.0845
D
172497
D
Restricted Stock Unit (RSU)
0
2022-11-25
4
M
0
4493
0
D
Common Stock
4493
4493
D
Restricted Stock Unit (RSU)
0
2022-11-25
4
M
0
6298
0
D
Common Stock
6298
31490
D
Restricted Stock Unit (RSU)
0
2022-11-25
4
M
0
18029
0
D
Common Stock
18029
18030
D
Restricted Stock Unit (RSU)
0
2022-11-25
4
M
0
5487
0
D
Common Stock
5487
27436
D
Restricted Stock Unit (RSU)
0
2022-11-25
4
M
0
4279
0
D
Common Stock
4279
38513
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 $9.92 to $10.30. 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 May 25, 2019, 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, 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
2022-11-29