Fergal Stack - 25 May 2021 Form 4 Insider Report for LendingClub Corp (LC)

Role
SVP, Corporate Controller
Signature
/s/ Bhavit Sheth, attorney-in-fact
Issuer symbol
LC
Transactions as of
25 May 2021
Net transactions value
-$118,047
Form type
4
Filing time
27 May 2021, 20:38:48 UTC
Next filing
27 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LC Common Stock Options Exercise $0 +4,610 +6.1% $0.000000 80,615 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $29,712 -2,088 -2.6% $14.23 78,527 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +3,545 +4.5% $0.000000 82,072 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $22,004 -1,583 -1.9% $13.90 80,489 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +2,396 +3% $0.000000 82,885 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $14,136 -1,017 -1.2% $13.90 81,868 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +5,098 +6.2% $0.000000 86,966 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $27,897 -2,007 -2.3% $13.90 84,959 25 May 2021 Direct F2
transaction LC Common Stock Options Exercise $0 +4,441 +5.2% $0.000000 89,400 25 May 2021 Direct F1
transaction LC Common Stock Tax liability $24,297 -1,748 -2% $13.90 87,652 25 May 2021 Direct F2

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 -4,610 -50% $0.000000 4,612 25 May 2021 Common Stock 4,610 $0.000000 Direct F1, F3, F4
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -3,545 -25% $0.000000 10,635 25 May 2021 Common Stock 3,545 $0.000000 Direct F1, F4, F5
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -2,396 -12% $0.000000 16,774 25 May 2021 Common Stock 2,396 $0.000000 Direct F1, F4, F6
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -5,098 -8.3% $0.000000 56,083 25 May 2021 Common Stock 5,098 $0.000000 Direct F1, F4, F7
transaction LC Restricted Stock Unit (RSU) Options Exercise $0 -4,441 -8.3% $0.000000 48,862 25 May 2021 Common Stock 4,441 $0.000000 Direct F1, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 25% of the total shares on August 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 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.
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.