SEC Form 4 · accession 0001633917-17-000048

PayPal Holdings, Inc. · PYPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Daniel H Schulman

Officer — President and CEO · Director

Period of report

Mar 1, 2017

Accepted (ET)

Mar 3, 2017 · 9:29 pm EST

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^F1	Mar 1, 2017	F	21,512	$42.43	D	164,277	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 -6^F2,F3,F4	—	Mar 1, 2017	A	181,941	A	—	—	Common Stock	181,941	181,941	D
Restricted Stock Units -7^F2,F5,F4	—	Mar 1, 2017	A	125,870	A	—	—	Common Stock	125,870	125,870	D
Restricted Stock Units -8^F2,F5,F4	—	Mar 1, 2017	A	26,419	A	—	—	Common Stock	26,419	26,419	D
Non-Qualified Stock Option (right to buy)^F6	$31.56	holding	—	—	—	—	Oct 15, 2021	Common Stock	161,764	161,764	D
Non-Qualified Stock Option (right to buy)^F7	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	145,234	145,234	D
Non-Qualified Stock Option (right to buy)^F8	$41.64	holding	—	—	—	—	Jul 17, 2022	Common Stock	30,485	30,485	D
Restricted Stock Units -1^F2,F9,F4	—	holding	—	—	—	—	—	Common Stock	67,402	67,402	D
Restricted Stock Units -3^F2,F10,F4	—	holding	—	—	—	—	—	Common Stock	54,463	54,463	D
Restricted Stock Units -4^F2,F11,F4	—	holding	—	—	—	—	—	Common Stock	11,432	11,432	D
Restricted Stock Units -5^F2,F3,F4	—	holding	—	—	—	—	—	Common Stock	163,667	163,667	D

Explanation of responses

F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 41,250 shares subject to restricted stock units granted to the reporting person in respect of performance-based restricted stock units (PBRSUs) for the 2014-2015 performance period.
F10The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/16 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.
F11The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 07/17/16 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.
F2Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F3The 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.
F4Not applicable.
F5The reporting person earned 152,289 shares in respect of PBRSUs for the 2015-2016 performance period, which were granted to the reporting person as restricted stock units on 3/1/17. 100% of the shares subject to such restricted stock units will vest on the first anniversary of the date of grant.
F6The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
F7The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
F8The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
F9The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 and 25% each 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.