SEC Form 4 · accession 0001065088-15-000229
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J. Doerger
Officer — VP, Chief Accounting Officer
Period of report
Dec 15, 2014
Accepted (ET)
Sep 1, 2015 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065088
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units -5F1,F2,F3 | — | Dec 15, 2014 | A | 55,708 | A | — | — | Common Stock | 55,708 | 55,708 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F2The reporting person received 22,623 restricted stock units subject to a four-year vesting schedule, vesting 25% on 12/15/15 and 25% each year 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.
- F3Not Applicable.
Remarks
The terms of each of the reporting person's outstanding options and restricted stock units were adjusted pursuant to the Employee Matters Agreement between eBay Inc. ("eBay") and PayPal Holdings, Inc. ("PayPal") relating to the July 17, 2015 distribution by eBay to its stockholders of all of the outstanding shares of the common stock of PayPal. All information regarding restricted stock units is shown on this Form 4 on a post-adjustment basis.