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LendingClub Corp — Director's Dealing 2021
Aug 27, 2021
31748_dirs_2021-08-27_971b4474-b4ca-4c74-b91e-6d5c6e990c3d.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: 2021-08-25
Reporting Person: Sanborn Scott (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-25 | Common Stock | M | 9329 | — | Acquired | 814481 | Direct |
| 2021-08-25 | Common Stock | F | 4912 | $29.08 | Disposed | 809569 | Direct |
| 2021-08-25 | Common Stock | M | 10190 | — | Acquired | 819759 | Direct |
| 2021-08-25 | Common Stock | F | 5366 | $29.08 | Disposed | 814393 | Direct |
| 2021-08-25 | Common Stock | M | 9984 | — | Acquired | 824377 | Direct |
| 2021-08-25 | Common Stock | F | 5257 | $29.08 | Disposed | 819120 | Direct |
| 2021-08-25 | Common Stock | M | 13496 | — | Acquired | 832616 | Direct |
| 2021-08-25 | Common Stock | D | 13496 | $29.00 | Disposed | 819120 | Direct |
| 2021-08-25 | Common Stock | M | 11758 | — | Acquired | 830878 | Direct |
| 2021-08-25 | Common Stock | F | 6191 | $29.08 | Disposed | 824687 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-25 | Restricted Stock Unit (RSU) | $0 | M | 9329 | Disposed | Common Stock (9329) | Direct | |
| 2021-08-25 | Restricted Stock Unit (RSU) | $0 | M | 10190 | Disposed | Common Stock (10190) | Direct | |
| 2021-08-25 | Restricted Stock Unit (RSU) | $0 | M | 9984 | Disposed | Common Stock (9984) | Direct | |
| 2021-08-25 | Restricted Stock Unit (RSU) | $0 | M | 13496 | Disposed | Common Stock (13496) | Direct | |
| 2021-08-25 | 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: The Amount of Securities Beneficially Owned has been reduced by one share to reflect rounding in connection with the Issuer's reverse stock split on July 5, 2019.
F3: Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F4: Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F5: 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.
F6: Not applicable.
F7: 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.
F8: 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.
F9: 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.
F10: 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.