Thomas W. Casey - Sep 7, 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
Chief Financial Officer, Director
Signature
/s/ Bhavit Sheth, attorney-in-fact
Stock symbol
LC
Transactions as of
Sep 7, 2021
Transactions value $
-$794,254
Form type
4
Date filed
11/29/2021, 07:33 PM
Previous filing
Aug 27, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Gift $0 -40K -93.19% $0.00 2.92K Sep 7, 2021 Direct F1
transaction LC Common Stock Options Exercise $0 +11.2K +383.09% $0.00 14.1K Nov 25, 2021 Direct F2
transaction LC Common Stock Tax liability -$203K -5.32K -37.69% $38.07* 8.8K Nov 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +3.06K +34.78% $0.00 11.9K Nov 25, 2021 Direct F2
transaction LC Common Stock Tax liability -$53.2K -1.4K -11.78% $38.07* 10.5K Nov 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +8.99K +85.92% $0.00 19.4K Nov 25, 2021 Direct F2
transaction LC Common Stock Tax liability -$156K -4.1K -21.1% $38.07* 15.3K Nov 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +12.6K +82.11% $0.00 27.9K Nov 25, 2021 Direct F2
transaction LC Common Stock Tax liability -$200K -5.25K -18.78% $38.07* 22.7K Nov 25, 2021 Direct F3
transaction LC Common Stock Options Exercise $0 +12.2K +53.73% $0.00 34.9K Nov 25, 2021 Direct F2
transaction LC Common Stock Tax liability -$183K -4.8K -13.75% $38.07* 30.1K Nov 25, 2021 Direct F3
holding LC Common Stock 10K Sep 7, 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 -50% $0.00 11.2K Nov 25, 2021 Common Stock 11.2K $0.00 Direct F2, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -3.06K -100% $0.00* 0 Nov 25, 2021 Common Stock 3.06K $0.00 Direct F2, F5, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -8.99K -16.67% $0.00 44.9K Nov 25, 2021 Common Stock 8.99K $0.00 Direct F2, F5, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.6K -10% $0.00 113K Nov 25, 2021 Common Stock 12.6K $0.00 Direct F2, F5, F8
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -12.2K -10% $0.00 110K Nov 25, 2021 Common Stock 12.2K $0.00 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 40,000 shares, initiated on September 3, 2021, 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.