SEC Form 4 · accession 0001633917-15-000046
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tomer Barel
Officer — SVP, Chief Risk Officer
Period of report
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 9:46 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 | Oct 15, 2015 | M | 19,977 | $0.00 | A | 19,977 | D | |
| Common StockF1 | Oct 15, 2015 | F | 18,343 | $34.62 | D | 1,634 | 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 | — | Oct 15, 2015 | M | 19,977 | D | — | — | Common Stock | 19,977 | 39,937 | D |
| Non-Qualified Stock Option (right to buy)F5 | $22.98 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 2,866 | 2,866 | D |
| Non-Qualified Stock Option (right to buy)F6 | $34.99 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 3,520 | 3,520 | D |
| Non-Qualified Stock Option (right to buy)F6 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Non-Qualified Stock Option (right to buy)F6 | $36.95 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 9,855 | 9,855 | D |
| Restricted Stock Units -1F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 3,821 | 3,821 | D |
| Restricted Stock Units -2F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 4,692 | 4,692 | D |
| Restricted Stock Units -3F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 5,866 | 5,866 | D |
| Restricted Stock Units -4F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 9,853 | 9,853 | D |
| Restricted Stock Units -5F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 8,211 | 8,211 | D |
| Restricted Stock Units -7F2,F7,F4 | — | holding | — | — | — | — | — | Common Stock | 16,138 | 16,138 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 19,977 shares of restricted stock granted to the Reporting Person on 10/15/14.
- 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.