SEC Form 4 · accession 0001209191-15-061963

PayPal Holdings, Inc. · PYPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jul 17, 2015

Accepted (ET)

Jul 21, 2015 · 8:42 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-1^F1	Jul 17, 2015	A	47,125	$0.00	A	52,125	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F2,F3	$10.34	Jul 17, 2015	A	16,516	A	—	Apr 29, 2016	Common Stock	16,516	16,516	D
Non-Qualified Stock Option (right to buy)^F2,F3	$15.22	Jul 17, 2015	A	14,492	A	—	Apr 29, 2017	Common Stock	14,492	14,492	D

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.
F2In connection with the spin-off of the Issuer from eBay Inc., each outstanding eBay stock option award was converted into an award of options to purchase both shares of eBay's common stock and shares of the Issuer's common stock pursuant to the terms of the employee matters agreement between eBay Inc. and the Issuer. The number of shares and exercise prices of each option award was adjusted in a manner intended to preserve the aggregate intrinsic value of the original eBay stock option.
F3The option grant is fully vested.