SEC Form 4 · accession 0001715537-17-000006
EBAY INC · EBAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Cutler
Officer — SVP, Americas
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 5:11 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 StockF1 | Sep 15, 2017 | F | 3,399 | $38.40 | D | 17,136 | D | |
| Common StockF1 | Sep 15, 2017 | F | 980 | $38.40 | D | 16,156 | D | |
| Common StockF1 | Sep 15, 2017 | F | 1,959 | $38.40 | D | 14,197 | D | |
| Common Stock | Sep 15, 2017 | M | 6,513 | $0.00 | A | 20,710 | D | |
| Common Stock | Sep 15, 2017 | M | 1,877 | $0.00 | A | 22,587 | D | |
| Common Stock | Sep 15, 2017 | M | 3,754 | $0.00 | A | 26,341 | 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 -3F2,F3,F4 | — | Sep 15, 2017 | M | 6,513 | D | — | — | Common Stock | 6,513 | 65,126 | D |
| Restricted Stock Units -4F2,F5,F4 | — | Sep 15, 2017 | M | 1,877 | D | — | — | Common Stock | 1,877 | 26,280 | D |
| Restricted Stock Units -5F2,F5,F4 | — | Sep 15, 2017 | M | 3,754 | D | — | — | Common Stock | 3,754 | 52,561 | D |
| Restricted Stock Units -6F2,F6,F4 | — | Sep 15, 2017 | A | 42,784 | A | — | — | Common Stock | 42,784 | 42,784 | D |
| Non-Qualified Stock Option (right to buy)F7 | $24.37 | holding | — | — | — | — | Jun 15, 2022 | Common Stock | 60,111 | 60,111 | D |
| Restricted Stock Units -1F2,F8,F4 | — | holding | — | — | — | — | — | Common Stock | 40,074 | 40,074 | D |
| Restricted Stock Units -2F2,F8,F4 | — | holding | — | — | — | — | — | Common Stock | 80,147 | 80,147 | 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.
- 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, 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.
- F4Not Applicable.
- F5The 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.
- F6The reporting person received restricted stock units, 1/16th of which vests on 12/15/17, 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 5/18/16 and 1/48th per month thereafter.
- F8The 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.
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).