Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Stockholders’ Equity

Share Repurchases

On February 9, 2016, the board of directors approved a share repurchase program under which LendingClub may repurchase up to $150.0 million of the Company’s common shares in open market or privately negotiated transactions in compliance with Securities and Exchange Act Rule 10b-18. This repurchase plan was valid for one year and did not obligate the Company to acquire any particular amount of common stock. In the first quarter of 2016, the Company repurchased 2,282,700 shares of its common stock at a weighted-average purchase price of $8.52 per share for an aggregate purchase price of $19.5 million. There were no shares repurchased during the second, third or fourth quarters of 2016, or first quarter of 2017.

Common Stock Reserved for Future Issuance

As of December 31, 2017 and 2016, the Company had shares of common stock reserved for future issuance as follows:



December 31,	2017	2016
Options and unvested RSUs outstanding	47,538,097	62,082,821
Available for future stock option and RSU grants	49,277,465	28,449,336
Available for ESPP	8,695,999	5,408,441
Total reserved for future issuance	105,511,561	95,940,598