SEC Form 4 · accession 0001633917-16-000254
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary J Marino
Officer — EVP, Chief Commercial Officer
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 7:20 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 | Nov 1, 2016 | M | 672 | $35.88 | A | 44,801 | D | |
| Common StockF1 | Nov 1, 2016 | S | 672 | $41.70 | D | 44,129 | D | |
| Common Stock | Nov 1, 2016 | M | 336 | $35.88 | A | 44,465 | D | |
| Common StockF1 | Nov 1, 2016 | S | 336 | $41.70 | D | 44,129 | D | |
| Common Stock | Nov 1, 2016 | M | 342 | $35.20 | A | 44,471 | D | |
| Common StockF1 | Nov 1, 2016 | S | 342 | $41.70 | D | 44,129 | D | |
| Common Stock | Nov 1, 2016 | M | 376 | $34.99 | A | 44,505 | D | |
| Common StockF1 | Nov 1, 2016 | S | 376 | $41.70 | D | 44,129 | 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)F2 | $34.99 | Nov 1, 2016 | M | 376 | D | — | Apr 1, 2020 | Common Stock | 376 | 1,881 | D |
| Non-Qualified Stock Option (right to buy)F2 | $35.20 | Nov 1, 2016 | M | 342 | D | — | Apr 1, 2021 | Common Stock | 342 | 5,817 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $35.88 | Nov 1, 2016 | M | 672 | D | — | Apr 1, 2022 | Common Stock | 672 | 29,587 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $35.88 | Nov 1, 2016 | M | 336 | D | — | Apr 1, 2022 | Common Stock | 336 | 29,251 | D |
| Restricted Stock Units -1F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 2,256 | 2,256 | D |
| Restricted Stock Units -2F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,104 | 4,104 | D |
| Restricted Stock Units -3F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 6,052 | 6,052 | D |
| Restricted Stock Units -4F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 12,103 | 12,103 | D |
| Restricted Stock Units -5F6,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 37,770 | 37,770 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- 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.
- F3Total represents an aggregate amount of 29,251 shares beneficially held after both exercises are reflected.
- F4The 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.
- F5Not applicable.
- F6Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F7The 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.