SEC Form 4 · accession 0001633917-15-000061
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Moffett
Director
Period of report
Nov 1, 2015
Accepted (ET)
Nov 3, 2015 · 6:54 pm EST
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 StockF1 | Nov 1, 2015 | A | 952 | $0.00 | A | 53,077 | D |
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)F2 | $10.34 | holding | — | — | — | — | Apr 29, 2016 | Common Stock | 16,516 | 16,516 | D |
| Non-Qualified Stock Option (right to buy)F2 | $15.22 | holding | — | — | — | — | Apr 29, 2017 | Common Stock | 14,492 | 14,492 | D |
Explanation of responses
- F1The reporting person has received an exempt award of Deferred Stock Units ("DSUs") under the Company's 2015 Equity Incentive Award Plan. DSUs represent a right to receive shares of the Company's common stock upon termination of service as a Director of the Company. The reporting person has elected to receive DSUs in lieu of the annual retainer fees payable for services on the Company's Board of Directors and any committees thereof. The DSUs are awarded on the date such fees would otherwise be payable (i.e., quarterly in arrears), and the number of DSUs granted represent the quotient of (A) such fees divided by (B) the Company's closing stock price on the date of grant rounded up to the nearest whole DSU. The DSUs are immediately vested.
- F2The option grant is fully vested.