SEC Form 4 · accession 0001209191-15-054393
Happen, Inc. · HAPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Crowe
Director · 10% Owner
Period of report
Jun 15, 2015
Accepted (ET)
Jun 17, 2015 · 7:17 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 15, 2015 | A | 11,717 | $0.00 | A | 11,717 | D | |
| Common StockF2 | holding | — | — | — | 50,822,020 | I | See Footnote |
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 100% on June 10, 2016.
- F2The securities shown on Line 2 consist of shares held by Norwest Venture Partners X , LP ("NVP X"). Genesis VC Partners X, LLC ("Genesis X") is the general partner of NVP X and may be deemed to have sole voting and dispositive power over the shares held by NVP X. Mr. Crowe, as co-chief executive officer of the managing member of Genesis X, may be deemed to share voting and dispositive power over the shares held by NVP X. Such person and entities disclaim beneficial ownership of shares held by NVP X, except to the extent of any proportionate pecuniary interest therein.