SEC Form 4 · accession 0001633917-16-000146
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel H Schulman
Officer — President and CEO · Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 9:03 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 | 18,155 | $0.00 | A | 177,308 | D | |
| Common StockF1 | Apr 1, 2016 | F | 9,468 | $39.40 | D | 167,840 | 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 -3F2,F3,F4 | — | Apr 1, 2016 | M | 18,155 | D | — | — | Common Stock | 18,155 | 54,463 | D |
| Restricted Stock Units -4F2,F5,F4 | — | Apr 1, 2016 | A | 163,667 | A | — | — | Common Stock | 163,667 | 163,667 | D |
| Non-Qualified Stock Option (right to buy)F6 | $31.56 | holding | — | — | — | — | Oct 15, 2021 | Common Stock | 161,764 | 161,764 | D |
| Non-Qualified Stock Option (right to buy)F7 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 145,234 | 145,234 | D |
| Restricted Stock Units -1F2,F8,F4 | — | holding | — | — | — | — | — | Common Stock | 101,103 | 101,103 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 18,155 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 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.
- 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.
- F6The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
- F7The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F8The 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.