SEC Form 4 · accession 0001633917-16-000136
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Gary J Marino
Officer — SVP, Americas and Credit Prod
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:18 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 | 3,004 | $0.00 | A | 16,730 | D | |
| Common Stock | Apr 1, 2016 | M | 2,256 | $0.00 | A | 18,986 | D | |
| Common Stock | Apr 1, 2016 | M | 2,043 | $0.00 | A | 21,029 | D | |
| Common Stock | Apr 1, 2016 | M | 2,018 | $0.00 | A | 23,047 | D | |
| Common Stock | Apr 1, 2016 | M | 4,035 | $0.00 | A | 27,082 | 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 -1F1,F2,F3 | — | Apr 1, 2016 | M | 3,004 | D | — | — | Common Stock | 3,004 | 0 | D |
| Restricted Stock Units -2F1,F2,F3 | — | Apr 1, 2016 | M | 2,256 | D | — | — | Common Stock | 2,256 | 2,256 | D |
| Restricted Stock Units -3F1,F2,F3 | — | Apr 1, 2016 | M | 2,043 | D | — | — | Common Stock | 2,043 | 4,114 | D |
| Restricted Stock Units -5F1,F2,F3 | — | Apr 1, 2016 | M | 2,018 | D | — | — | Common Stock | 2,018 | 6,052 | D |
| Restricted Stock Units -6F1,F2,F3 | — | Apr 1, 2016 | M | 4,035 | D | — | — | Common Stock | 4,035 | 12,103 | D |
| Restricted Stock Units -7F1,F4,F3 | — | Apr 1, 2016 | A | 37,770 | A | — | — | Common Stock | 37,770 | 37,770 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Mar 1, 2017 | Common Stock | 63,694 | 63,694 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Mar 1, 2018 | Common Stock | 47,770 | 47,770 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 24,044 | 24,044 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 18,051 | 18,051 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 16,423 | 16,423 | D |
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 48,413 | 48,413 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F2The 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.
- F3Not applicable.
- F4The 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.
- F5The 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.