SEC Form 4 · accession 0001127602-18-019858
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia J McCORD
Director
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 6:41 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 | May 31, 2018 | A | 60,791 | $0.00 | A | 60,791 | D | |
| Common StockF2 | holding | — | — | — | 104,478 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on May 31, 2018, subject to continued service through each vesting date.
- F2Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs will vest as to 25% of the total shares on February 25, 2019, with an additional 6.25% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
Remarks
Equity award for 104,478 RSUs was previously reported on Table II. This award now voluntarily reflected in Table I. No transaction with respect to this award has occurred.