SEC Form 4 · accession 0001633917-16-000134
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Barrese
Officer — SVP, Payment Services and CTO
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 7:50 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 | 17,316 | $0.00 | A | 36,671 | D | |
| Common Stock | Apr 1, 2016 | M | 5,254 | $0.00 | A | 41,925 | D | |
| Common Stock | Apr 1, 2016 | M | 4,513 | $0.00 | A | 46,438 | D | |
| Common Stock | Apr 1, 2016 | M | 3,490 | $0.00 | A | 49,928 | D | |
| Common Stock | Apr 1, 2016 | M | 4,035 | $0.00 | A | 53,963 | D | |
| Common StockF1 | Apr 1, 2016 | F | 17,617 | $39.40 | D | 36,346 | D | |
| Common StockF2 | holding | — | — | — | 13 | I | by Children |
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 -1F3,F4,F5 | — | Apr 1, 2016 | M | 17,316 | D | — | — | Common Stock | 17,316 | 0 | D |
| Restricted Stock Units -2F3,F4,F5 | — | Apr 1, 2016 | M | 5,254 | D | — | — | Common Stock | 5,254 | 0 | D |
| Restricted Stock Units -3F3,F4,F5 | — | Apr 1, 2016 | M | 4,513 | D | — | — | Common Stock | 4,513 | 4,512 | D |
| Restricted Stock Units -4F3,F4,F5 | — | Apr 1, 2016 | M | 3,490 | D | — | — | Common Stock | 3,490 | 6,979 | D |
| Restricted Stock Units -6F3,F4,F5 | — | Apr 1, 2016 | M | 4,035 | D | — | — | Common Stock | 4,035 | 12,103 | D |
| Non-Qualified Stock Option (right to buy)F6 | $22.98 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 1,971 | 1,971 | D |
| Non-Qualified Stock Option (right to buy)F6 | $34.99 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 13,538 | 13,538 | D |
| Non-Qualified Stock Option (right to buy)F6 | $35.19 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 27,918 | 27,918 | D |
| Non-Qualified Stock Option (right to buy)F6 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Restricted Stock Units -5F3,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 99,548 | 99,548 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of (a) 17,316 shares of restricted stock granted to the Reporting Person on 04/02/12 (b) 5,234 shares of restricted stock granted to the Reporting Person on 04/02/12 (c) 4,513 shares of restricted stock granted to the Reporting Person on 04/02/12 (d) 3,490 shares of restricted stock granted to the Reporting Person on 04/01/14 (e) 4,035 shares of restricted stock granted to the Reporting Person on 04/01/15.
- F2Includes 13 shares held by Mr. Barrese's children. Mr. Barrese disclaims beneficial ownership of these shares.
- F3Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F4The 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.
- F5Not applicable.
- F6The 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.
- F7The 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.