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LendingClub Corp — Director's Dealing 2021
Nov 29, 2021
31748_dirs_2021-11-29_f3a6ae61-f8a1-410d-8f0a-92beca59858a.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: 2021-11-25
Reporting Person: Sanborn Scott (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-25 | Common Stock | M | 9328 | — | Acquired | 834015 | Direct |
| 2021-11-25 | Common Stock | F | 4912 | $38.07 | Disposed | 829103 | Direct |
| 2021-11-25 | Common Stock | M | 10190 | — | Acquired | 839293 | Direct |
| 2021-11-25 | Common Stock | F | 5366 | $38.07 | Disposed | 833927 | Direct |
| 2021-11-25 | Common Stock | M | 9984 | — | Acquired | 843911 | Direct |
| 2021-11-25 | Common Stock | F | 5257 | $38.07 | Disposed | 838654 | Direct |
| 2021-11-25 | Common Stock | M | 13495 | — | Acquired | 852149 | Direct |
| 2021-11-25 | Common Stock | D | 13495 | $38.07 | Disposed | 838654 | Direct |
| 2021-11-25 | Common Stock | M | 11758 | — | Acquired | 850412 | Direct |
| 2021-11-25 | Common Stock | F | 6191 | $38.07 | Disposed | 844221 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-25 | Restricted Stock Unit (RSU) | $0 | M | 9328 | Disposed | Common Stock (9328) | Direct | |
| 2021-11-25 | Restricted Stock Unit (RSU) | $0 | M | 10190 | Disposed | Common Stock (10190) | Direct | |
| 2021-11-25 | Restricted Stock Unit (RSU) | $0 | M | 9984 | Disposed | Common Stock (9984) | Direct | |
| 2021-11-25 | Restricted Stock Unit (RSU) | $0 | M | 13495 | Disposed | Common Stock (13495) | Direct | |
| 2021-11-25 | 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: Represents the settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F4: 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.
F5: Not applicable.
F6: 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.
F7: 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.
F8: 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.
F9: 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.