SEC Form 4 · accession 0001647222-17-000005
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
III Harry A Lawton
Officer — SVP, North America
Period of report
Apr 1, 2017
Accepted (ET)
Apr 4, 2017 · 8:41 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 | holding | — | — | — | 36,446 | 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 -6F1,F2,F3 | — | Apr 1, 2017 | A | 54,063 | A | — | — | Common Stock | 54,063 | 54,063 | D |
| Non-Qualified Stock Option (right to buy)F4 | $24.37 | holding | — | — | — | — | Jun 15, 2022 | Common Stock | 72,133 | 72,133 | D |
| Restricted Stock Units -1F1,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 117,212 | 117,212 | D |
| Restricted Stock Units -2F1,F6,F3 | — | holding | — | — | — | — | — | Common Stock | 43,764 | 43,764 | D |
| Restricted Stock Units -5F1,F7,F3 | — | holding | — | — | — | — | — | Common Stock | 37,870 | 37,870 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2The 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.
- F3Not Applicable.
- F4The option grant is subject to a four-year vesting schedule, vesting 25% on 6/15/16 and 1/48th per month thereafter.
- F5The 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.
- F6The 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.
- F7The reporting person was granted 75,740 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.
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).