SEC Form 4 · accession 0001071665-15-000005
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond J Pittman
Officer — SVP, Chief Product Officer
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 6:48 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,F2 | Oct 30, 2015 | S | 21,000 | $27.98 | D | 17,605 | 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)F3 | $20.94 | holding | — | — | — | — | Dec 15, 2020 | Common Stock | 50,141 | 50,141 | D |
| Non-Qualified Stock Option (right to buy)F4 | $22.76 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 25,398 | 25,398 | D |
| Non-Qualified Stock Option (right to buy)F5 | $23.21 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 62,389 | 62,389 | D |
| Restricted Stock Units -1F8,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 395,737 | 395,737 | D |
| Restricted Stock Units -2F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 9,522 | 9,522 | D |
| Restricted Stock Units -3F8,F10,F7 | — | holding | — | — | — | — | — | Common Stock | 31,194 | 31,194 | D |
Explanation of responses
- F1Represents the weighted average price of shares sold at prices that ranged from $27.98 to $27.9801.
- F10The 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.
- F2Represents 8,727 shares of common stock that remain unvested and which were a portion of the shares of common stock granted as a result of the company's achievement of certain performance criteria for 2013/2014 (the award was originally allocated to the reporting person as performance-based restricted stock units). 50% of the shares vested on the date of grant and the remainder will vest on 3/1/16.
- F3The option grant is subject to a four-year vesting schedule, vesting 25% on 11/4/14 and 1/48th per month thereafter.
- F4The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/14 and 1/48th per month thereafter.
- F5The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F6The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 12/15/14 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.
- F7Not Applicable.
- F8Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F9The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/2015 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
Table I, Columun 5, includes 468 shares acquired under eBay's Employee Stock Purchase Plan on October 30, 2015.