SEC Form 4 · accession 0001646842-16-000014
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jae Hyun Lee
Officer — SVP, Asia Pacific
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 7:36 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, 2016 | M | 16,183 | $0.00 | A | 117,850 | 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 -1F1,F2,F3 | — | Apr 1, 2016 | M | 3,755 | D | — | — | Common Stock | 3,755 | 0 | D |
| Restricted Stock Units -2F1,F4,F3 | — | Apr 1, 2016 | M | 3,489 | D | — | — | Common Stock | 3,489 | 3,489 | D |
| Restricted Stock Units -3F1,F5,F3 | — | Apr 1, 2016 | M | 2,699 | D | — | — | Common Stock | 2,699 | 5,397 | D |
| Restricted Stock Units -5F1,F6,F3 | — | Apr 1, 2016 | M | 6,240 | D | — | — | Common Stock | 6,240 | 18,717 | D |
| Restricted Stock Units -6F1,F7,F3 | — | Apr 1, 2016 | A | 50,017 | A | — | — | Common Stock | 50,017 | 50,017 | D |
| Non-Qualified Stock Option (right to buy)F8 | $14.86 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 1,086 | 1,086 | D |
| Non-Qualified Stock Option (right to buy)F9 | $22.63 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 27,914 | 27,914 | D |
| Non-Qualified Stock Option (right to buy)F10 | $22.76 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 21,588 | 21,588 | D |
| Non-Qualified Stock Option (right to buy)F11 | $23.10 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 49,912 | 49,912 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F10The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/14 and 1/48th per month thereafter.
- F11The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F2The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/2013 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.
- F3Not Applicable.
- F4The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/2014 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.
- 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.
- F6The 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.
- F7The 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.
- F8The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/12 and 1/48th per month thereafter.
- F9The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/13 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 (2016-2017).