SEC Form 4 · accession 0001633917-16-000255
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tomer Barel
Officer — EVP, Chief Risk & Data Officer
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 7:21 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 | 6,159 | $36.95 | A | 47,283 | D | |
| Common Stock | Nov 1, 2016 | S | 6,159 | $41.861 | D | 41,124 | D | |
| Common Stock | Nov 1, 2016 | M | 2,640 | $34.99 | A | 43,764 | D | |
| Common Stock | Nov 1, 2016 | S | 2,640 | $41.861 | D | 41,124 | D | |
| Common Stock | Nov 1, 2016 | S | 19,969 | $41.8239 | D | 21,155 | 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 | $34.99 | Nov 1, 2016 | M | 2,640 | D | — | Apr 1, 2020 | Common Stock | 2,640 | 880 | D |
| Non-Qualified Stock Option (right to buy)F1 | $36.95 | Nov 1, 2016 | M | 6,159 | D | — | Apr 1, 2021 | Common Stock | 6,159 | 3,696 | D |
| Non-Qualified Stock Option (right to buy)F1 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 32,275 | 32,275 | D |
| Restricted Stock Units -2F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 2,346 | 2,346 | D |
| Restricted Stock Units -3F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 2,933 | 2,933 | D |
| Restricted Stock Units -4F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 6,568 | 6,568 | D |
| Restricted Stock Units -5F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 5,474 | 5,474 | D |
| Restricted Stock Units -6F4,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 19,968 | 19,968 | D |
| Restricted Stock Units -7F4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 12,103 | 12,103 | D |
| Restricted Stock Units -8F4,F5,F3 | — | holding | — | — | — | — | — | Common Stock | 37,770 | 37,770 | D |
Explanation of responses
- F1The 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.
- 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.