SEC Form 4 · accession 0001633917-17-000121
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Sarnoff
Director
Period of report
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 5:11 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 StockF1 | Jun 27, 2017 | A | 977 | $0.00 | A | 977 | D | |
| Common StockF2 | Jun 27, 2017 | A | 4,313 | $0.00 | A | 5,290 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person has received a fully vested stock payment award for shares of the Company common stock. Pursuant to the Company's Independent Director Compensation Policy, the reporting person has elected to receive common stock in lieu of the prorated annual retainer fees payable for services on the Company's Board of Directors and any committees thereof. The number of shares of common stock awarded represent the quotient of (A) $51,506.85 (representing the reporting person's annual aggregate board and committee retainer fees of $100,000, prorated to reflect the number of days from the date of her appointment to December 31, 2017) divided by (B) the Company's closing stock price on the date of grant, rounded up to the nearest whole share of common stock.
- F2The reporting person has received a fully vested stock payment award for shares of the Company common stock. Pursuant to the Company's Independent Director Compensation Policy, the reporting person has been granted a fully vested stock payment award for common stock promptly following her appointment as a director of the Company. The number of shares of common stock granted represents the quotient of (A) $227,397.26 (representing the reporting person's annual equity award of $250,000, prorated to reflect the number of days from the date of her appointment to the first anniversary of the most recent annual stockholders meeting), divided by (B) the Company's closing stock price on the date of grant, rounded up to the nearest whole share of common stock.