SEC Form 4 · accession 0001633917-16-000217
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
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 5:33 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 | Sep 15, 2016 | M | 10,924 | $0.00 | A | 10,924 | D | |
| Common Stock | Sep 15, 2016 | M | 43,696 | $0.00 | A | 54,620 | D | |
| Common StockF1 | Sep 15, 2016 | F | 25,789 | $40.83 | D | 28,831 | 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 -1F2,F3,F4 | — | Sep 15, 2016 | M | 10,924 | D | — | — | Common Stock | 10,924 | 32,771 | D |
| Restricted Stock Units -2F2,F3,F4 | — | Sep 15, 2016 | M | 43,696 | D | — | — | Common Stock | 43,696 | 87,389 | D |
| Non-Qualified Stock Option (right to buy)F5 | $33.80 | holding | — | — | — | — | Sep 15, 2022 | Common Stock | 87,390 | 87,390 | D |
| Restricted Stock Units -3F2,F6,F4 | — | holding | — | — | — | — | — | Common Stock | 50,359 | 50,359 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 54,620 shares of restricted stock granted to the Reporting Person on September 15, 2015.
- 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 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.
- F5Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- 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.