SEC Form 4 · accession 0001127602-16-056659
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel T Ciporin
Director
Period of report
Jun 28, 2016
Accepted (ET)
Jun 30, 2016 · 6:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001409970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 28, 2016 | A | 43,384 | $0.00 | A | 1,004,809 | D | |
| Common StockF2 | holding | — | — | — | 48,272 | I | By Jill Ciporin, Trustee Of Daniel Ciporin 2014 Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock units under the LendingClub Corporation 2014 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. The restricted stock units are scheduled to vest as to 25% of the total shares quarterly, over a one-year period, beginning on June 28, 2016, subject to continued service through each vesting date.
- F2The shares are held of record by Jill Ciporin, Trustee of Daniel Ciporin 2014 Family Trust. The reporting person's spouse is a trustee of the trust and the reporting person shares investment power over the shares held by the trust.