SEC Form 4 · accession 0001065088-15-000194
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 17, 2015 | A | 18,050 | $0.00 | A | 71,507 | D | |
| Common StockF2 | Jul 17, 2015 | A | 29,762 | $0.00 | A | 101,269 | D |
Table II — derivative securities
Explanation of responses
- F1The reporting person was granted 18,050 restricted stock units as a result of the company's achievement of certain performance criteria for 2014/2015 (the award was originally allocated to the reporting person as performance-based restricted stock units).
- F2The reporting person was granted 29,762 restricted stock units as a result of the company's achievement of certain performance criteria for 2015/2016 (the award was originally allocated to the reporting person as performance-based restricted stock units).
Remarks
Pursuant to the Employee Matters Agreement between eBay Inc. ("eBay") and PayPal Holdings, Inc. ("PayPal") relating to the July 17, 2015 distribution (the "Distribution") by eBay to its stockholders of all of the outstanding shares of the common stock of PayPal, the reporting person received an equity award of PayPal common stock in respect of each outstanding equity award held by the reporting person, including the awards reported on this Form 4. In addition, all of the reporting person's outstanding equity awards vested in connection with the Distribution and the separation of the reporting person from eBay. For additional information regarding the eBay Transaction Success and Retention Program relating to the reporting person and other transitioning executives, see the Current Report on Form 8-K filed by eBay on December 18, 2014.