SEC Form 4 · accession 0001633917-15-000037
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
Sep 14, 2015
Accepted (ET)
Sep 16, 2015 · 4:07 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 | Sep 14, 2015 | M | 16,755 | $0.00 | A | 45,951 | D | |
| Common StockF1 | Sep 14, 2015 | F | 8,743 | $33.77 | D | 37,208 | 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 -6F2,F3,F4 | — | Sep 14, 2015 | M | 16,755 | D | — | — | Common Stock | 16,755 | 16,754 | 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 - 11F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 16,138 | 16,138 | D |
| Restricted Stock Units -10F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 99,548 | 99,548 | D |
| Restricted Stock Units -3F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 5,374 | 5,374 | D |
| Restricted Stock Units -4F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,611 | 1,611 | D |
| Restricted Stock Units -5F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 855 | 855 | D |
| Restricted Stock Units -7F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 6,015 | 6,015 | D |
| Restricted Stock Units -8F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 3,759 | 3,759 | D |
| Restricted Stock Units -9F2,F3,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 16,755 shares of restricted stock granted to the Reporting Person on 09/14/12.
- F2Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F3The 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.
- 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 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.