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LendingClub Corp — Director's Dealing 2021
May 27, 2021
31748_dirs_2021-05-27_2aa681fe-241c-4a70-b0a8-0ee6217e7138.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LendingClub Corp (LC)
CIK: 0001409970
Period of Report: 2021-05-25
Reporting Person: Sanborn Scott (CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-25 | Common Stock | M | 9328 | — | Acquired | 788557 | Direct |
| 2021-05-25 | Common Stock | F | 4912 | $13.90 | Disposed | 783645 | Direct |
| 2021-05-25 | Common Stock | M | 10190 | — | Acquired | 793835 | Direct |
| 2021-05-25 | Common Stock | F | 5366 | $13.90 | Disposed | 788469 | Direct |
| 2021-05-25 | Common Stock | M | 9984 | — | Acquired | 798453 | Direct |
| 2021-05-25 | Common Stock | F | 5257 | $13.90 | Disposed | 793196 | Direct |
| 2021-05-25 | Common Stock | M | 13496 | — | Acquired | 806692 | Direct |
| 2021-05-25 | Common Stock | F | 7106 | $13.90 | Disposed | 799586 | Direct |
| 2021-05-25 | Common Stock | M | 11758 | — | Acquired | 811344 | Direct |
| 2021-05-25 | Common Stock | F | 6191 | $13.90 | Disposed | 805153 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-25 | Restricted Stock Unit (RSU) | $0 | M | 9328 | Disposed | Common Stock (9328) | Direct | |
| 2021-05-25 | Restricted Stock Unit (RSU) | $0 | M | 10190 | Disposed | Common Stock (10190) | Direct | |
| 2021-05-25 | Restricted Stock Unit (RSU) | $0 | M | 9984 | Disposed | Common Stock (9984) | Direct | |
| 2021-05-25 | Restricted Stock Unit (RSU) | $0 | M | 13496 | Disposed | Common Stock (13496) | Direct | |
| 2021-05-25 | Restricted Stock Unit (RSU) | $0 | M | 11758 | Disposed | Common Stock (11758) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F2: Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F3: The RSUs vested as to 6.25% of the total shares on May 25, 2018, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
F4: Not applicable.
F5: The RSUs vested as to 25% of the total shares on May 25, 2020, with an additional 12.5% of the total shares vesting quarterly thereafter, subject to continuous service through each vesting date.
F6: 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.
F7: 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.
F8: 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.