Accession Number: | 0001127602-19-018496 |
Date: | 2019-05-12 |
Issuer: | LENDINGCLUB CORP (LC) |
Original Submission Date: |
SANBORN SCOTT
C/O LENDINGCLUB CORPORATION
595 MARKET ST. #200
SAN FRANCISCO, CA 94105
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-05-12 | M | 89,031 | a | $0.00 | 1,677,598 | direct | ||
COMMON STOCK | 2019-05-12 | F | 46,875 | d | $3.57 | 1,630,723 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNIT (RSU) | 0.0 | 2019-05-12 | deemed execution date | M | 89,031 (d) | common stock 89,031 | $0.00 | 356,126 | direct |
ID | footnote |
---|---|
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 | includes 2,500 shares acquired on may 10, 2019 under the lendingclub corporation 2014 employee stock purchase plan. |
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 vest as to 6.25% of the total shares quarterly, over a four-year period, beginning on may 12, 2016. |
f5 | not applicable. |