SEC Form 4 · accession 0001071665-17-000005
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
Apr 1, 2017
Accepted (ET)
Apr 3, 2017 · 8:23 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, 2017 | M | 10,973 | $0.00 | A | 106,002 | D | |
| Common StockF1 | Apr 1, 2017 | F | 5,727 | $33.57 | D | 100,275 | 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, 2017 | M | 3,174 | D | — | — | Common Stock | 3,174 | 3,174 | D |
| Restricted Stock Units -3F2,F5,F4 | — | Apr 1, 2017 | M | 7,799 | D | — | — | Common Stock | 7,799 | 15,596 | D |
| Restricted Stock Units -6F2,F6,F4 | — | Apr 1, 2017 | A | 66,076 | A | — | — | Common Stock | 66,076 | 66,076 | D |
| Non-Qualified Stock Option (right to buy)F7 | $20.94 | holding | — | — | — | — | Dec 15, 2020 | Common Stock | 15,669 | 15,669 | D |
| Non-Qualified Stock Option (right to buy)F8 | $22.76 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 7,407 | 7,407 | D |
| Non-Qualified Stock Option (right to buy)F9 | $23.21 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 33,794 | 33,794 | D |
| Restricted Stock Units -1F2,F10,F4 | — | holding | — | — | — | — | — | Common Stock | 131,912 | 131,912 | D |
| Restricted Stock Units -4F2,F11,F4 | — | holding | — | — | — | — | — | Common Stock | 68,773 | 68,773 | D |
| Restricted Stock Units -5F2,F12,F4 | — | holding | — | — | — | — | — | Common Stock | 32,754 | 32,754 | D |
Explanation of responses
- F1No shares were sold - these shares were withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
- F10The 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.
- F11The 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.
- F12The reporting person was granted 65,508 restricted stock units as a result of the company's achievement of certain performance criteria for 2015/2016 (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 3/1/18.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3The 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.
- F4Not Applicable.
- F5The 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.
- F6The reporting person received restricted stock units, 1/16th of which vests on 6/15/17, 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.
- F7The option grant is subject to a four-year vesting schedule, vesting 25% on 11/4/14 and 1/48th per month thereafter.
- F8The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/14 and 1/48th per month thereafter.
- F9The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
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 (2017-2018).