SEC Form 4 · accession 0001633917-17-000163

PayPal Holdings, Inc. · PYPL

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

Reporting owner

William J Ready

Officer — EVP, Chief Operating Officer

Period of report

Oct 15, 2017

Accepted (ET)

Oct 17, 2017 · 8:48 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	Oct 15, 2017	M	25,092	$0.00	A	83,447	D
Common Stock	Oct 15, 2017	M	5,339	$0.00	A	88,786	D
Common Stock^F1	Oct 15, 2017	F	15,880	$68.66	D	72,906	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 -3^F2,F3,F4	—	Oct 15, 2017	M	25,092	D	—	—	Common Stock	25,092	75,280	D
Restricted Stock Units -4^F2,F3,F4	—	Oct 15, 2017	M	5,339	D	—	—	Common Stock	5,339	16,019	D
Non-Qualified Stock Option (right to buy)^F5	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	32,275	32,275	D
Restricted Stock Units -5^F2,F6,F4	—	holding	—	—	—	—	—	Common Stock	8,068	8,068	D
Restricted Stock Units -6^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	37,768	37,768	D
Restricted Stock Units -7^F2,F7,F4	—	holding	—	—	—	—	—	Common Stock	97,035	97,035	D
Restricted Stock Units -8^F2,F8,F4	—	holding	—	—	—	—	—	Common Stock	388,140	388,140	D
Restricted Stock Units -9^F2,F9,F4	—	holding	—	—	—	—	—	Common Stock	13,986	13,986	D

Explanation of responses

F1Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 30,431 restricted stock units granted to the Reporting Person on January 15, 2014.
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 20% on the second year anniversary date of the restricted stock unit and 3.33% monthly 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 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.
F6The 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.
F7The 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.
F8The 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 quarterly 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.
F9The reporting person earned a total of 27,972 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 which vested on 3/1/17 (date of grant).