SEC Form 4 · accession 0001633917-17-000125
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Anderson
Officer — VP, Chief Accounting Officer
Period of report
Jul 15, 2017
Accepted (ET)
Jul 18, 2017 · 6:30 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 | Jul 15, 2017 | M | 3,534 | $0.00 | A | 21,188 | D | |
| Common Stock | Jul 15, 2017 | M | 1,963 | $0.00 | A | 23,151 | D | |
| Common StockF1 | Jul 15, 2017 | F | 2,067 | $57.16 | D | 21,084 | 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 | — | Jul 15, 2017 | M | 1,963 | D | — | — | Common Stock | 1,963 | 1,963 | D |
| Restricted Stock Units -2F2,F3,F4 | — | Jul 15, 2017 | M | 3,534 | D | — | — | Common Stock | 3,534 | 3,533 | D |
| Restricted Stock Units -3F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 14,408 | 14,408 | D |
| Restricted Stock Units -4F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -5F2,F5,F4 | — | holding | — | — | — | — | — | Common Stock | 3,777 | 3,777 | D |
| Restricted Stock Units -6F2,F5,F4 | — | holding | — | — | — | — | — | Common Stock | 9,098 | 9,098 | D |
Explanation of responses
- F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 5,497 shares of restricted stock granted to the Reporting Person on 07/15/14.
- F2Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F3The 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.
- F4Not applicable.
- F5The 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.
Remarks
Table I, Column 5, includes 676 shares acquired under PayPal's Employee Stock Purchase Plan on April 30, 2017.