SEC Form 3 · accession 0001633917-16-000148
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sripada Shivananda
Officer — SVP, Chief Technology Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 9:25 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 | holding | — | — | — | 32,231 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $20.28 | holding | — | — | — | — | Mar 1, 2018 | Common Stock | 3,251 | — | D |
| Non-Qualified Stock Option (right to buy)F1 | $22.98 | holding | — | — | — | — | Apr 2, 2019 | Common Stock | 5,374 | — | D |
| Non-Qualified Stock Option (right to buy)F2 | $34.99 | holding | — | — | — | — | Apr 1, 2020 | Common Stock | 8,122 | — | D |
| Non-Qualified Stock Option (right to buy)F2 | $35.20 | holding | — | — | — | — | Apr 1, 2021 | Common Stock | 8,211 | — | D |
| Non-Qualified Stock Option (right to buy)F2 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 24,207 | — | D |
| Restricted Stock Units -1F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,990 | — | D |
| Restricted Stock Units -2F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 2,707 | — | D |
| Restricted Stock Units -3F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 4,136 | — | D |
| Restricted Stock Units -4F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 5,474 | — | D |
| Restricted Stock Units -5F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 13,684 | — | D |
| Restricted Stock Units -6F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 22,467 | — | D |
| Restricted Stock Units -7F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 24,206 | — | D |
| Restricted Stock Units -8F5,F6,F4 | — | holding | — | — | — | — | — | Common Stock | 25,180 | — | D |
Explanation of responses
- F1The option grant is fully vested.
- F2The 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.
- 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.
- F5Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F6The 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.