SEC Form 4 · accession 0001071665-16-000013
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
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 6:53 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 Stock | Feb 26, 2016 | M | 28,204 | $20.94 | A | 111,323 | D | |
| Common StockF1 | Feb 26, 2016 | S | 27,615 | $24.3371 | D | 83,708 | D | |
| Common StockF2 | Feb 26, 2016 | S | 50,922 | $24.3255 | D | 32,786 | 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 | Feb 26, 2016 | M | 28,204 | D | — | Dec 15, 2020 | Common Stock | 28,204 | 21,937 | 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 | 263,824 | 263,824 | 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 $24.33 to $24.35.
- 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 the weighted average price of shares sold at prices that ranged from $24.32 to $24.35.
- 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.