Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-19-026645
Date:2019-08-12
Issuer: LENDINGCLUB CORP (LC)
Original Submission Date:

Reporting Person:

SANBORN SCOTT
C/O LENDINGCLUB CORPORATION
595 MARKET ST. #200 SAN FRANCISCO, CA 94105

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-08-12 M 17,806 a $0.00 369,024 direct
COMMON STOCK 2019-08-12 F 9,375 d $14.89 359,649 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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 2019-08-12 deemed execution date M 17,806 (d) common stock 17,806 $0.00 53,420 direct
Footnotes
IDfootnote
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 a 1-for-5 reverse stock split of the issuer's common stock became effective on july 5, 2019 (the "reverse stock split"). this amount has been adjusted to reflect the reverse stock split.
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.
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