SEC Form 4 · accession 0001127602-17-020987
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Henry Summers
Director
Period of report
Jun 6, 2017
Accepted (ET)
Jun 8, 2017 · 6:57 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 6, 2017 | A | 35,336 | $0.00 | A | 35,336 | D | |
| Common Stock | holding | — | — | — | 32,538 | D | ||
| Common Stock | holding | — | — | — | 2,500 | I | By Stepdaughter | |
| Common Stock | holding | — | — | — | 176,098 | I | By LHS 2016 Qualified Annuity Trust LC | |
| Common StockF2 | holding | — | — | — | 785,605 | I | LHS 2017 Qualified Annuity Trust LC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the annual equity award of restricted stock units to each non-employee director pursuant to the approved non-employee director compensation plan. The award is made 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 6, 2017, subject to continued service through each vesting date.
- F2Includes 785,605 shares that transferred from the reporting person to LHS 2017 Qualified Annuity Trust LC as of March 1, 2017.