SEC Form 4 · accession 0001633917-15-000071

PayPal Holdings, Inc. · PYPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, Payment Services & CTO

Period of report

Nov 11, 2015

Accepted (ET)

Nov 12, 2015 · 7:12 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 Stock	Nov 11, 2015	M	1,970	$22.98	A	25,779	D
Common Stock^F1,F2	Nov 11, 2015	S	1,886	$37.1524	D	23,893	D
Common Stock^F1,F3	Nov 11, 2015	S	23,809	$37.1433	D	84	D
Common Stock^F4	holding	—	—		—	13	I	by Children

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)^F5	$22.98	Nov 11, 2015	M	1,970	D	—	Apr 2, 2019	Common Stock	1,970	1,971	D
Non-Qualified Stock Option (right to buy)^F5	$34.99	holding	—	—	—	—	Apr 1, 2020	Common Stock	13,538	13,538	D
Non-Qualified Stock Option (right to buy)^F5	$35.19	holding	—	—	—	—	Apr 1, 2021	Common Stock	27,918	27,918	D
Non-Qualified Stock Option (right to buy)^F5	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	32,275	32,275	D
Restricted Stock Units -1^F8,F6,F7	—	holding	—	—	—	—	—	Common Stock	17,316	17,316	D
Restricted Stock Units -2^F8,F6,F7	—	holding	—	—	—	—	—	Common Stock	5,254	5,254	D
Restricted Stock Units -3^F8,F6,F7	—	holding	—	—	—	—	—	Common Stock	9,025	9,025	D
Restricted Stock Units -4^F8,F6,F7	—	holding	—	—	—	—	—	Common Stock	10,469	10,469	D
Restricted Stock Units -5^F8,F9,F7	—	holding	—	—	—	—	—	Common Stock	99,548	99,548	D
Restricted Stock Units -6^F8,F6,F7	—	holding	—	—	—	—	—	Common Stock	16,138	16,138	D

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 $37.15 to $37.18.
F3Represents the weighted average price of shares sold at a price that ranged from $37.02 to $37.29.
F4Includes 13 shares held by Mr. Barrese's children. Mr. Barrese disclaims beneficial ownership of these shares.
F5The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
F6The 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.
F7Not applicable.
F8Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F9The 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.