SEC Form 4 · accession 0001633917-16-000251
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Anderson
Officer — VP, Chief Accounting Officer
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 6:47 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 StockF1 | Oct 31, 2016 | S | 2,644 | $41.78 | D | 10,043 | 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 -1F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 3,926 | 3,926 | D |
| Restricted Stock Units -2F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 7,067 | 7,067 | D |
| Restricted Stock Units -3F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 21,613 | 21,613 | D |
| Restricted Stock Units -4F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 6,052 | 6,052 | D |
| Restricted Stock Units -5F4,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 5,666 | 5,666 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- 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.
- F4Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- 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.