SEC Form 4 · accession 0001065088-15-000062
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel H Schulman
Officer — President, PayPal
Period of report
Feb 20, 2015
Accepted (ET)
Feb 23, 2015 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065088
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2015 | S | 18,000 | $57.4919 | D | 19,275 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $50.24 | holding | — | — | — | — | Oct 15, 2021 | Common Stock | 101,588 | 101,588 | D |
| Restricted Stock Units -1F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 84,657 | 84,657 | D |
| Restricted Stock Units -3F5,F6,F4 | — | holding | — | — | — | — | — | Common Stock | 76,594 | 76,594 | D |
Explanation of responses
- F1Represents the weighted average price of shares sold at prices that ranged from $57.34 to $57.65.
- F2The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
- F3The reporting person received 84,657 restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 and 25% each thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F4Not Applicable.
- F5Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F6The reporting person received 76,594 restricted stock units and will fully vest and become non-forfeitable on January 28, 2016. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.