SEC Form 4 · accession 0001071665-16-000022
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
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 4:28 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 StockF1 | May 27, 2016 | S | 25,000 | $24.2359 | D | 23,729 | 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)F2 | $20.94 | holding | — | — | — | — | Dec 15, 2020 | Common Stock | 21,937 | 21,937 | D |
| Non-Qualified Stock Option (right to buy)F3 | $22.76 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 25,398 | 25,398 | D |
| Non-Qualified Stock Option (right to buy)F4 | $23.21 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 62,389 | 62,389 | D |
| Restricted Stock Units -1F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 263,824 | 263,824 | D |
| Restricted Stock Units -2F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 6,348 | 6,348 | D |
| Restricted Stock Units -3F7,F9,F6 | — | holding | — | — | — | — | — | Common Stock | 23,395 | 23,395 | D |
| Restricted Stock Units -4F7,F10,F6 | — | holding | — | — | — | — | — | Common Stock | 91,698 | 91,698 | D |
Explanation of responses
- F1Represents the weighted average price of shares sold at prices that ranged from $24.20 to $24.275.
- F10The 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.
- F2The option grant is subject to a four-year vesting schedule, vesting 25% on 11/4/14 and 1/48th per month thereafter.
- F3The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/14 and 1/48th per month thereafter.
- F4The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F5The 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.
- F6Not Applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F8The 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.
- F9The 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.
Remarks
In addition, Table I, Column 5, includes 1,190 shares acquired under eBay's Employee Stock Purchase Plan on April 29, 2016.