Tianqiao Chen Files 13D on LendingClub (LC), Showing 11.7% Stake

Tianqiao Chen/Premium Lead Co Ltd/Shanda Asset Management, files a 13D on LendingClub (NYSE: LC) showing a 44,747,830 share, or 11.7% stake.

Item 4. Purpose of Transaction

Shanda Asset Management Holdings Limited acquired the Securities to which this statement relates because it believed that they represented an attractive investment opportunity.

The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and, depending upon the price and availability of the Issuer securities, subsequent developments affecting the Issuer, the business prospects of the Issuer, general stock market, industry and economic conditions, tax considerations and other factors deemed relevant, may consider increasing or decreasing their investment in the Issuer at anytime (including in the immediate future) or entering into hedging, derivative or other transactions with respect to the Common Stock or other securities of the Issuer. As part of this ongoing review, the Reporting Persons may seek to engage in discussions with the Board of Directors of the Issuer, the management and/or other stockholders of the Issuer concerning the business, operations, corporate governance or future plans of the Issuer, may engage legal and financial advisors to assist them in such review, and may evaluate strategic alternatives that may become available in the future.

Except as set forth in this Schedule 13D and in connection with the Transaction described above, none of the Reporting Persons currently has any plan or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

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