SEC Form 4 · accession 0001633917-17-000123

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

Jul 3, 2017

Accepted (ET)

Jul 6, 2017 · 4:49 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
Common Stock	Jul 3, 2017	M	342	$35.20	A	37,491	D
Common Stock^F1,F2	Jul 3, 2017	S	342	$54.03	D	37,149	D
Common Stock	Jul 3, 2017	M	336	$35.88	A	37,485	D
Common Stock^F1,F2	Jul 3, 2017	S	336	$54.03	D	37,149	D
Common Stock	Jul 3, 2017	M	673	$35.88	A	37,822	D
Common Stock^F1,F2	Jul 3, 2017	S	673	$54.03	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	Jul 3, 2017	M	342	D	—	Apr 1, 2021	Common Stock	342	3,080	D
Non-Qualified Stock Option (right to buy)^F4,F3	$35.88	Jul 3, 2017	M	336	D	—	Apr 1, 2022	Common Stock	336	21,854	D
Non-Qualified Stock Option (right to buy)^F4,F3	$35.88	Jul 3, 2017	M	673	D	—	Apr 1, 2022	Common Stock	673	21,181	D
Restricted Stock Units -2^F7,F5,F6	—	holding	—	—	—	—	—	Common Stock	2,052	2,052	D
Restricted Stock Units -3^F7,F5,F6	—	holding	—	—	—	—	—	Common Stock	4,034	4,034	D
Restricted Stock Units -4^F7,F5,F6	—	holding	—	—	—	—	—	Common Stock	8,068	8,068	D
Restricted Stock Units -5^F7,F8,F6	—	holding	—	—	—	—	—	Common Stock	25,179	25,179	D
Restricted Stock Units -6^F7,F8,F6	—	holding	—	—	—	—	—	Common Stock	72,777	72,777	D
Restricted Stock Units -7^F7,F9,F6	—	holding	—	—	—	—	—	Common Stock	6,993	6,993	D
Restricted Stock Units -8^F7,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 a price at $54.03.
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 21,181 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.