SEC Form 4 · accession 0001633917-15-000075
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Anderson
Officer — VP, Chief Accounting Officer
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 7:40 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 | Dec 15, 2015 | M | 7,205 | $0.00 | A | 7,876 | D | |
| Common StockF1 | Dec 15, 2015 | F | 2,708 | $36.32 | D | 5,168 | 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 -3F2,F3,F4 | — | Dec 15, 2015 | M | 7,205 | D | — | — | Common Stock | 7,205 | 21,613 | D |
| Restricted Stock Units -1F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 5,890 | 5,890 | D |
| Restricted Stock Units -2F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 10,601 | 10,601 | D |
| Restricted Stock Units -4F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 8,070 | 8,070 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 7,205 shares of restricted stock granted to the Reporting Person on 12/15/14.
- 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.
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. In addition, Table I, Column 5, includes 671 shares acquired under eBay's Employee Stock Purchase Plan on October 31, 2015.