SEC Form 4 · accession 0001633917-15-000065
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
Nov 2, 2015
Accepted (ET)
Nov 3, 2015 · 7:03 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 2, 2015 | S | 1,226 | $35.752 | D | 18,751 | D | |
| Common StockF1,F2 | Nov 2, 2015 | S | 13,757 | $36.0563 | D | 4,994 | 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)F3 | $22.98 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 2,866 | 2,866 | D |
| Non-Qualified Stock Option (right to buy)F4 | $34.99 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 3,520 | 3,520 | D |
| Non-Qualified Stock Option (right to buy)F4 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Non-Qualified Stock Option (right to buy)F4 | $36.95 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 9,855 | 9,855 | D |
| Restricted Stock Units -1F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 3,821 | 3,821 | D |
| Restricted Stock Units -2F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 4,692 | 4,692 | D |
| Restricted Stock Units -3F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 5,866 | 5,866 | D |
| Restricted Stock Units -4F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 9,853 | 9,853 | D |
| Restricted Stock Units -5F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 8,211 | 8,211 | D |
| Restricted Stock Units -6F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 39,937 | 39,937 | D |
| Restricted Stock Units -7F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 16,138 | 16,138 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Represents the weighted average price of shares sold at a price that ranged from $35.91 to $36.15.
- F3Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F4The 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.
- F5The 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.
- F6Not applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F8The 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.
Remarks
Form 4 filed for reporting person on October 19, 2015 with the SEC to reflect transactions for October 15, 2015 reported taxes withheld in connection with the vesting of 19,977 share of restricted stock granted to the Reporting Person on 10/15/14. The shares withheld for taxes were reversed due to recalculation of tax obligation related to report person's expatriate assignment.