SEC Form 4 · accession 0001633917-16-000117
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Ready
Officer — SVP, Global Head Product & Eng
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 6:27 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,F2 | Feb 29, 2016 | S | 77,689 | $38.2232 | D | 129,565 | D | |
| Common StockF1,F3 | Feb 29, 2016 | S | 72,311 | $38.6174 | D | 57,254 | 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)F4 | $0.00 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Restricted Stock Units -3F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 577,145 | 577,145 | D |
| Restricted Stock Units -4F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 122,817 | 122,817 | D |
| Restricted Stock Units -5F7,F9,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 $37.47 to $38.47.
- F3Represents the weighted average price of shares sold at a price that ranged from $38.48 to $38.78.
- F4The 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.
- F5The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 20% on the one year anniversary date of the restricted stock unit and 3.33% monthly 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 restricted stock units subject to a four-year vesting schedule, vesting 20% on the second year anniversary date of the restricted stock unit and 3.33% monthly 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.
- F9The 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.