SEC Form 4 · accession 0001633917-17-000113
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Karczmer
Officer — EVP, CR & Compliance Officer
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 5:02 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 15, 2017 | M | 8,866 | $0.00 | A | 8,866 | D | |
| Common StockF1 | Jun 15, 2017 | F | 3,655 | $52.29 | D | 5,211 | 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 -1F2,F3,F4 | — | Jun 15, 2017 | M | 8,866 | D | — | — | Common Stock | 8,866 | 17,729 | D |
| Restricted Stock Units -2F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 48,518 | 48,518 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 8,866 shares of restricted stock granted to the Reporting Person on June 15, 2016.
- 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.