Thomas W. Casey - May 25, 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
May 25, 2021
Transactions value $
-$295,945
Form type
4
Date filed
5/27/2021, 06:56 PM
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +11.2K +6.25% $0.00 190K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$75.9K -5.46K -2.87% $13.90 185K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +3.06K +1.65% $0.00 188K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$20K -1.44K -0.77% $13.90 187K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +8.99K +4.82% $0.00 196K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$58.8K -4.23K -2.16% $13.90 191K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +12.6K +6.58% $0.00 204K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$74.5K -5.36K -2.63% $13.90 199K May 25, 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +12.2K +6.14% $0.00 211K May 25, 2021 Direct F1
transaction LC Common Stock Tax liability -$66.7K -4.8K -2.28% $13.90 206K May 25, 2021 Direct F2
holding LC Common Stock 10K May 25, 2021 Casey Family Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -11.2K -25% $0.00 33.6K May 25, 2021 Common Stock 11.2K $0.00 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -3.06K -33.32% $0.00 6.12K May 25, 2021 Common Stock 3.06K $0.00 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8.99K -12.5% $0.00 62.9K May 25, 2021 Common Stock 8.99K $0.00 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.6K -8.33% $0.00 139K May 25, 2021 Common Stock 12.6K $0.00 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.2K -8.33% $0.00 134K May 25, 2021 Common Stock 12.2K $0.00 Direct F1, F4, F8

Explanation of Responses:

Id Content
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.