SEC Form 4 · accession 0001633917-16-000127
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
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 7:04 pm EDT
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 | Apr 1, 2016 | M | 2,018 | $0.00 | A | 9,340 | D | |
| Common StockF1 | Apr 1, 2016 | F | 759 | $39.40 | D | 8,581 | 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 -4F2,F3,F4 | — | Apr 1, 2016 | M | 2,018 | D | — | — | Common Stock | 2,018 | 6,052 | D |
| Restricted Stock Units -5F2,F5,F4 | — | Apr 1, 2016 | A | 5,666 | A | — | — | Common Stock | 5,666 | 5,666 | 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 -3F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 21,613 | 21,613 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 2,018 shares of restricted stock granted to the Reporting Person on 04/01/15.
- 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.
- F5The 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.