SEC Form 4 · accession 0001647222-16-000004
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
III Harry A Lawton
Officer — SVP, N.A.
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 7:57 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 | Jun 15, 2016 | M | 39,075 | $0.00 | A | 39,075 | D | |
| Common StockF1 | Jun 15, 2016 | F | 16,918 | $23.96 | D | 22,157 | D | |
| Common Stock | Jun 15, 2016 | M | 3,648 | $0.00 | A | 25,805 | D | |
| Common StockF1 | Jun 15, 2016 | F | 1,371 | $23.96 | D | 24,434 | 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 -1F2,F3,F4 | — | Jun 15, 2016 | M | 39,075 | D | — | — | Common Stock | 39,075 | 117,212 | D |
| Restricted Stock Units -2F2,F5,F4 | — | Jun 15, 2016 | M | 3,648 | D | — | — | Common Stock | 3,648 | 54,705 | D |
| Non-Qualified Stock Option (right to buy)F6 | $24.37 | holding | — | — | — | — | Jun 15, 2022 | Common Stock | 72,133 | 72,133 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
- F3The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 6/15/16 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, 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.
- F6The option grant is subject to a four-year vesting schedule, vesting 25% on 6/15/16 and 1/48th per month thereafter.