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LendingClub Corp — Director's Dealing 2022
Nov 29, 2022
31748_dirs_2022-11-29_2fcf290f-ae7f-4994-bdcd-069065afdc0d.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: 2022-11-25
Reporting Person: Sanborn Scott (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-25 | Common Stock | M | 9984 | — | Acquired | 1062523 | Direct |
| 2022-11-25 | Common Stock | M | 13496 | — | Acquired | 1076019 | Direct |
| 2022-11-25 | Common Stock | M | 110177 | — | Acquired | 1186196 | Direct |
| 2022-11-25 | Common Stock | M | 11758 | — | Acquired | 1197954 | Direct |
| 2022-11-25 | Common Stock | M | 8253 | — | Acquired | 1206207 | Direct |
| 2022-11-25 | Common Stock | D | 13496 | $10.54 | Disposed | 1192711 | Direct |
| 2022-11-25 | Common Stock | F | 73803 | $10.54 | Disposed | 1118908 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-25 | Restricted Stock Unit (RSU) | $0 | M | 9984 | Disposed | Common Stock (9984) | Direct | |
| 2022-11-25 | Restricted Stock Unit (RSU) | $0 | M | 13496 | Disposed | Common Stock (13496) | Direct | |
| 2022-11-25 | Restricted Stock Unit (RSU) | $0 | M | 110177 | Disposed | Common Stock (110177) | Direct | |
| 2022-11-25 | Restricted Stock Unit (RSU) | $0 | M | 11758 | Disposed | Common Stock (11758) | Direct | |
| 2022-11-25 | Restricted Stock Unit (RSU) | $0 | M | 8253 | Disposed | Common Stock (8253) | 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 settlement of RSUs granted on February 26, 2020, in cash rather than in shares of the Issuer's common stock.
F3: Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
F4: 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.
F5: Not applicable.
F6: 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.
F7: The RSUs vested as to 25% of the total shares on May 25, 2022, with an additional 25% of the total shares vesting quarterly thereafter, subject to continuous 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.
F9: The RSUs vested as to 8.33% of the total shares on May 25, 2022, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.