SEC Form 4 · accession 0001633917-15-000041
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Rainey
Officer — SVP & Chief Financial Officer
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 7:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633917
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| 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)F1 | $33.80 | Sep 15, 2015 | A | 87,390 | A | — | Sep 15, 2022 | Common Stock | 87,390 | 87,390 | D |
| Restricted Stock Units -1F2,F3,F4 | — | Sep 15, 2015 | A | 43,695 | A | — | — | Common Stock | 43,695 | 43,695 | D |
| Restricted Stock Units -2F2,F3,F4 | — | Sep 15, 2015 | A | 131,085 | A | — | — | Common Stock | 131,085 | 131,085 | D |
Explanation of responses
- F1Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- 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.