BRANDON PACE - 05 Nov 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Administrative Officer
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
05 Nov 2021
Net transactions value
-$456,574
Form type
4
Filing time
29 Nov 2021, 18:56:21 UTC
Previous filing
27 Aug 2021
Next filing
24 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Gift $0 -1,753 -2.1% $0.000000 82,651 05 Nov 2021 Direct F1
transaction LC Common Stock Options Exercise $0 +3,171 +3.8% $0.000000 85,822 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $63,577 -1,670 -1.9% $38.07* 84,152 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +1,938 +2.3% $0.000000 86,090 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $38,869 -1,021 -1.2% $38.07* 85,069 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +5,690 +6.7% $0.000000 90,759 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $114,058 -2,996 -3.3% $38.07* 87,763 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +5,878 +6.7% $0.000000 93,641 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $117,827 -3,095 -3.3% $38.07* 90,546 25 Nov 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +6,097 +6.7% $0.000000 96,643 25 Nov 2021 Direct F2
transaction LC Common Stock Tax liability $122,243 -3,211 -3.3% $38.07* 93,432 25 Nov 2021 Direct F3

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 -3,171 -50% $0.000000 3,173 25 Nov 2021 Common Stock 3,171 $0.000000 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -1,938 -100% $0.000000* 0 25 Nov 2021 Common Stock 1,938 $0.000000 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,690 -17% $0.000000 28,456 25 Nov 2021 Common Stock 5,690 $0.000000 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,878 -10% $0.000000 52,904 25 Nov 2021 Common Stock 5,878 $0.000000 Direct F2, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -6,097 -10% $0.000000 54,871 25 Nov 2021 Common Stock 6,097 $0.000000 Direct F2, F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents the transfer of 1,753 shares by the Reporting Person of Issuer common stock by bona fide gift.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share 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, 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.