SEC Form 4 · accession 0001633917-15-000026

PayPal Holdings, Inc. · PYPL

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

Reporting owner

Hill Ferguson

Officer — SVP, Consumer

Period of report

Aug 15, 2015

Accepted (ET)

Aug 20, 2015 · 7:16 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
Common Stock	Aug 15, 2015	M	49,790	$0.00	A	50,274	D
Common Stock^F1	Aug 15, 2015	F	25,378	$38.14	D	24,896	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 -10^F2,F3,F4	—	Aug 15, 2015	M	49,790	D	—	—	Common Stock	49,790	99,548	D
Non-Qualified Stock Option (right to buy)^F5	$17.87	holding	—	—	—	—	Sep 9, 2018	Common Stock	8,280	8,280	D
Non-Qualified Stock Option (right to buy)^F6	$22.68	holding	—	—	—	—	Apr 13, 2019	Common Stock	7,484	7,484	D
Non-Qualified Stock Option (right to buy)^F6	$34.99	holding	—	—	—	—	Apr 1, 2020	Common Stock	9,025	9,025	D
Non-Qualified Stock Option (right to buy)^F6	$35.19	holding	—	—	—	—	Apr 1, 2021	Common Stock	27,918	27,918	D
Non-Qualified Stock Option (right to buy)^F6	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	32,275	32,275	D
Restricted Stock Units - 11^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	16,138	16,138	D
Restricted Stock Units -1^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	1,035	1,035	D
Restricted Stock Units -2^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	7,961	7,961	D
Restricted Stock Units -3^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	5,374	5,374	D
Restricted Stock Units -4^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	1,611	1,611	D
Restricted Stock Units -5^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	855	855	D
Restricted Stock Units -6^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	33,509	33,509	D
Restricted Stock Units -7^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	6,015	6,015	D
Restricted Stock Units -8^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	3,759	3,759	D
Restricted Stock Units -9^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	10,469	10,469	D

Explanation of responses

F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 49,790 shares of restricted stock granted to the Reporting Person on 08/15/14.
F2Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F3The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary, and 33.33% on the second year anniversary and 33.33% on the third year anniversary. 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.
F5Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
F6The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the original eBay grant and 1/48th per month thereafter.
F7The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit 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

Restricted Stock Units were reported in Table I on prior Form 4, showing total outstanding restricted stock units converted in connection with the spinoff of the Issuer from eBay Inc. on July 17, 2015.