SEC Form 4 · accession 0001209191-15-061959
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Christodoro
Director
Period of report
Jul 17, 2015
Accepted (ET)
Jul 21, 2015 · 8:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633917
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Deferred Stock Units-1F1 | Jul 17, 2015 | A | 4,093 | $0.00 | A | 4,093 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the spin-off of the Issuer from eBay Inc. each outstanding eBay DSU award was converted into a DSU award in respect of both shares of eBay's common stock and the Issuer's common stock pursuant to the terms of the employee matters agreement between eBay Inc. and the Issuer. The number of shares of the Issuer's common stock subject to the award was determined based on the number of the Issuer's shares distributed per eBay share in the spin-off. Each DSU represents a contingent right to receive one share of the Issuer's underlying common stock.