SEC Form 4 · accession 0001633917-17-000157

PayPal Holdings, Inc. · PYPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Sep 26, 2017

Accepted (ET)

Sep 28, 2017 · 5:21 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^F1	Sep 26, 2017	A	2,623	$0.00	A	2,976	D
Common Stock^F2	Sep 26, 2017	A	423	$0.00	A	3,399	D

No Table II lines on this filing.

F1Pursuant to the Company's Independent Director Compensation Policy, the reporting person has been granted a fully vested stock payment award for Company common stock promptly following his appointment as a director of the Company. The number of shares of common stock granted represents the quotient of (A) $165,068.49 (representing the amount of the annual equity award (i.e., $250,000), prorated to reflect the number of days from the date of his 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.
F2Pursuant to the Company's Independent Director Compensation Policy, the reporting person has elected to receive a fully vested stock payment award for 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) $26,575.34 (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 his 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.