0001209191-15-085925.txt : 20151217
0001209191-15-085925.hdr.sgml : 20151217
20151217184547
ACCESSION NUMBER: 0001209191-15-085925
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151215
FILED AS OF DATE: 20151217
DATE AS OF CHANGE: 20151217
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LendingClub Corp
CENTRAL INDEX KEY: 0001409970
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Crowe Jeffrey
CENTRAL INDEX KEY: 0001535261
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36771
FILM NUMBER: 151294894
MAIL ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE
STREET 2: SUITE 800
CITY: PALO ALTO
STATE: CA
ZIP: 94301
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-12-15
0
0001409970
LendingClub Corp
LC
0001535261
Crowe Jeffrey
525 UNIVERSITY AVENUE
SUITE 800
PALO ALTO
CA
94301
1
0
0
0
Common Stock
11717
D
Common Stock
2015-12-15
4
J
0
4892222
0.00
D
18237072
I
By Limited Partnership
Represents the grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. The restricted stock units are scheduled to vest 100% on June 10, 2016.
Shares were disposed of via a pro-rata in-kind distribution of issuer's stock from Norwest Venture Partners X, LP ("NVP X") to its limited and general partners, and further distribution by Genesis VC Partners X, LLC ("Genesis X"), the general partner of NVP X, to its members.
The NVP X and Genesis X distributions resulted in a change in the form of beneficial ownership so that following the distibutions 388,019 shares were beneficially owned by the Crowe Family Trust, 12/22/88, of which Mr. Crowe is a Trustee and the Laura Bassell Crowe Irrevocable Trust I, the Katherine Bassell Crowe Irrevocable Trust I, and the Molly Bassell Crowe Irrevocable Trust I, of which Mr. Crowe is a Trustee, each beneficially owned 9,011 shares. The remaining 17,822,020 shares are beneficially held of record by NVP X. By virtue of his position as a co-Chief Executive Officer of NVP Associates, LLC, the managing member of Genesis X, Mr. Crowe may be deemed to share voting and dispositive power with respect to such securities. Mr. Crowe disclaims beneficial ownership of all securities, except to the extent of any pecuniary interest therein.
/s/ Kurt Betcher, Attorney in-fact
2015-12-17