SEC Form 4 · accession 0001633917-17-000038
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Karczmer
Officer — SVP, Chief Risk and Compliance
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 9:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633917
Table I — non-derivative securities
No Table I lines on this filing.
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 -2F1,F2,F3 | — | Mar 1, 2017 | A | 48,518 | A | — | — | Common Stock | 48,518 | 48,518 | D |
| Restricted Stock Units -1F1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 26,595 | 26,595 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F2The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 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.
- F3Not applicable.