SEC Form 4 · accession 0001633917-16-000123

PayPal Holdings, Inc. · PYPL

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

Reporting owner

Officer — President and CEO · Director

Period of report

Mar 1, 2016

Accepted (ET)

Mar 3, 2016 · 6:31 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^F1	Mar 1, 2016	A	82,500	$0.00	A	180,665	D
Common Stock^F2	Mar 1, 2016	F	21,512	$39.25	D	159,153	D

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	$31.56	holding	—	—	—	—	Oct 15, 2021	Common Stock	161,764	161,764	D
Non-Qualified Stock Option (right to buy)^F4	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	145,234	145,234	D
Restricted Stock Units -1^F7,F5,F6	—	holding	—	—	—	—	—	Common Stock	101,103	101,103	D
Restricted Stock Units -3^F7,F8,F6	—	holding	—	—	—	—	—	Common Stock	72,618	72,618	D

F1The reporting person was granted 82,500 shares of common stock as a result of the company's achievement of certain performance criteria for 2014/2015 (the award was originally allocated to the reporting person as performance-based restricted stock units). 50% of the shares vested on the date of grant and the remainder will vest on 3/1/17.
F2Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 41,250 shares of restricted stock granted to the Reporting Person on 3/1/16 (see footnote 1).
F3The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
F4The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
F5The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 and 25% each 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 25% on 4/1/16 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.