SEC Form 4 · accession 0001633917-17-000109
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
Jun 1, 2017
Accepted (ET)
Jun 2, 2017 · 6:59 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 | Jun 1, 2017 | M | 342 | $35.20 | A | 37,491 | D | |
| Common StockF1,F2 | Jun 1, 2017 | S | 342 | $52.48 | D | 37,149 | D | |
| Common Stock | Jun 1, 2017 | M | 336 | $35.88 | A | 37,485 | D | |
| Common StockF1,F2 | Jun 1, 2017 | S | 336 | $52.48 | D | 37,149 | D | |
| Common Stock | Jun 1, 2017 | M | 672 | $35.88 | A | 37,821 | D | |
| Common StockF1,F2 | Jun 1, 2017 | S | 672 | $52.48 | D | 37,149 | 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)F3 | $35.20 | Jun 1, 2017 | M | 342 | D | — | Apr 1, 2021 | Common Stock | 342 | 3,422 | D |
| Non-Qualified Stock Option (right to buy)F4,F3 | $35.88 | Jun 1, 2017 | M | 336 | D | — | Apr 1, 2022 | Common Stock | 336 | 22,862 | D |
| Non-Qualified Stock Option (right to buy)F4,F3 | $35.88 | Jun 1, 2017 | M | 672 | D | — | Apr 1, 2022 | Common Stock | 672 | 22,190 | D |
| Restricted Stock Units -2F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 2,052 | 2,052 | D |
| Restricted Stock Units -3F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -4F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 8,068 | 8,068 | D |
| Restricted Stock Units -5F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 25,179 | 25,179 | D |
| Restricted Stock Units -6F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 72,777 | 72,777 | D |
| Restricted Stock Units -7F7,F9,F6 | — | holding | — | — | — | — | — | Common Stock | 6,993 | 6,993 | D |
| Restricted Stock Units -8F7,F9,F6 | — | holding | — | — | — | — | — | Common Stock | 13,986 | 13,986 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Represents the weighted average price of shares sold at prices that ranged from $52.48 to $53.4799.
- F3The 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.
- F4Total represents an aggregate amount of 22,190 shares beneficially held after both exercises are reflected.
- F5The 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.
- F6Not applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F8The 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.
- F9The reporting person earned 41,959 shares in respect of performance-based restricted stock units (PBRSUs) for the 2015-2016 performance period, which were granted to the reporting person as restricted stock units on 3/1/17. Amount represents 50% of the shares subject to such restricted stock units vesting on the first anniversary of the date of grant.