SEC Form 4 · accession 0001071665-18-000001
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 23, 2018
Accepted (ET)
Feb 27, 2018 · 5:45 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 | Feb 23, 2018 | S | 60,000 | $43.6553 | D | 82,127 | 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 | 2,128 | 2,128 | D |
| Non-Qualified Stock Option (right to buy)F3 | $22.76 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 2,646 | 2,646 | D |
| Non-Qualified Stock Option (right to buy)F4 | $23.21 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 22,096 | 22,096 | D |
| Restricted Stock Units -2F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 3,174 | 3,174 | D |
| Restricted Stock Units -3F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 15,596 | 15,596 | D |
| Restricted Stock Units -4F7,F9,F6 | — | holding | — | — | — | — | — | Common Stock | 51,580 | 51,580 | D |
| Restricted Stock Units -5F7,F10,F6 | — | holding | — | — | — | — | — | Common Stock | 32,754 | 32,754 | D |
| Restricted Stock Units -6F7,F11,F6 | — | holding | — | — | — | — | — | Common Stock | 53,687 | 53,687 | D |
Explanation of responses
- F1Represents the weighted average price of shares sold at prices that ranged from $43.64 to $43.68.
- F10The 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.
- F11The 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.
- 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 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.
- F6Not Applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F8The 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.
- F9The 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.