SEC Form 4 · accession 0001065088-16-000281
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Fisher
Officer — SVP, CTO
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 7:35 pm EDT
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 Stock | Apr 1, 2016 | M | 10,919 | $0.00 | A | 77,552 | D | |
| Common StockF1 | Apr 1, 2016 | F | 5,698 | $23.88 | D | 71,854 | D |
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 -2F2,F3,F4 | — | Apr 1, 2016 | M | 10,919 | D | — | — | Common Stock | 10,919 | 32,753 | D |
| Restricted Stock Units -3F2,F5,F4 | — | Apr 1, 2016 | A | 116,706 | A | — | — | Common Stock | 116,706 | 116,706 | D |
| Non-Qualified Stock Option (right to buy)F6 | $20.41 | holding | — | — | — | — | Oct 15, 2021 | Common Stock | 83,387 | 83,387 | D |
| Non-Qualified Stock Option (right to buy)F7 | $23.21 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 76,426 | 76,426 | D |
| Restricted Stock Units -1F2,F8,F4 | — | holding | — | — | — | — | — | Common Stock | 319,646 | 319,646 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 10,919 shares of restricted stock units granted to the Reporting Person on 4/1/15.
- F2Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F3The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/2016 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.
- F4Not Applicable.
- F5The reporting person received restricted stock units, 1/16th of which vests on 6/15/16, and an additional 1/16th of which vests each quarter 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.
- F6The option grant is subject to a four-year vesting schedule, vesting 25% on 9/29/15 and 1/48th per month thereafter.
- F7The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F8The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 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.
Remarks
In addition to the equity grant described above, the compensation committee granted performance-based restricted stock units to the reporting person, the achievement of which is based on certain performance criteria over a two-year period (2016-2017).