SEC Form 4 · accession 0001633917-16-000142
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Rainey
Officer — SVP, Chief Financial Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633917
Table I — non-derivative securities
No Table I lines on this filing.
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 -3F1,F2,F3 | — | Apr 1, 2016 | A | 50,359 | A | — | — | Common Stock | 50,359 | 50,359 | D |
| Non-Qualified Stock Option (right to buy)F4 | $33.80 | holding | — | — | — | — | Sep 15, 2022 | Common Stock | 87,390 | 87,390 | D |
| Restricted Stock Units -1F1,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 43,695 | 43,695 | D |
| Restricted Stock Units -2F1,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 131,085 | 131,085 | 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 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.
- F3Not applicable.
- F4Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F5The 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.