SEC Form 4 · accession 0001127602-16-056666
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Henry Summers
Director
Period of report
Jun 28, 2016
Accepted (ET)
Jun 30, 2016 · 6:14 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 | 431,477 | D | |
| Common StockF2 | holding | — | — | — | 164,381 | I | By LHS 2014 Qualified Annuity Trust #3L | |
| Common StockF3 | holding | — | — | — | 65,275 | I | By LHS 2015 Qualified Annuity Trust #1L | |
| Common Stock | holding | — | — | — | 2,500 | I | By Stepdaughter |
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.
- F2Shares held of record by Lawrence H. Summers, Trustee of LHS 2014 Qualified Annuity Trust #3L.
- F3Shares held of record by Lawrence H. Summers, Trustee of LHS 2015 Qualified Annuity Trust #1L.