SEC Form 4 · accession 0001633917-18-000021
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
Feb 2, 2018
Accepted (ET)
Feb 6, 2018 · 4:23 pm EST
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,F2 | Feb 2, 2018 | S | 2,500 | $77.1392 | D | 18,480 | D | |
| Common StockF1,F3 | Feb 2, 2018 | S | 6,867 | $78.0958 | D | 11,613 | 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 -1F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 1,963 | 1,963 | D |
| Restricted Stock Units -2F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 3,533 | 3,533 | D |
| Restricted Stock Units -3F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 7,204 | 7,204 | D |
| Restricted Stock Units -4F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -5F6,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 3,777 | 3,777 | D |
| Restricted Stock Units -6F6,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 9,098 | 9,098 | 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 prices that ranged from $76.85 to $77.84
- F3Represents the weighted average price of shares sold at prices that ranged from $77.89 to $78.40.
- F4The 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.
- F5Not applicable.
- F6Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- 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.