SEC Form 4 · accession 0001633917-18-000049
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel H Schulman
Officer — President and CEO · Director
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 6:05 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 | Feb 15, 2018 | A | 67,889 | $0.00 | A | 284,907 | D | |
| Common StockF2 | Feb 15, 2018 | F | 31,718 | $78.295 | D | 253,189 | 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 | $31.56 | holding | — | — | — | — | Oct 15, 2021 | Common Stock | 161,764 | 161,764 | D |
| Non-Qualified Stock Option (right to buy)F4 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 145,234 | 145,234 | D |
| Non-Qualified Stock Option (right to buy)F5 | $41.64 | holding | — | — | — | — | Jul 17, 2022 | Common Stock | 30,485 | 30,485 | D |
| Restricted Stock Units -1F8,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 33,701 | 33,701 | D |
| Restricted Stock Units -3F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 36,308 | 36,308 | D |
| Restricted Stock Units -4F8,F10,F7 | — | holding | — | — | — | — | — | Common Stock | 7,621 | 7,621 | D |
| Restricted Stock Units -5F8,F11,F7 | — | holding | — | — | — | — | — | Common Stock | 109,110 | 109,110 | D |
| Restricted Stock Units -6F8,F11,F7 | — | holding | — | — | — | — | — | Common Stock | 181,941 | 181,941 | D |
| Restricted Stock Units -7F8,F12,F7 | — | holding | — | — | — | — | — | Common Stock | 125,870 | 125,870 | D |
| Restricted Stock Units -8F8,F12,F7 | — | holding | — | — | — | — | — | Common Stock | 26,419 | 26,419 | D |
Explanation of responses
- F1AIP share footnote: The reporting person earned 67,889 shares in respect of performance-based restricted stock unit units (PBRSUs) based on the company's achievement of certain performance targets for the 2017 performance period, which were vested as shares of common stock on 2/15/18.
- F10The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 07/17/16 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.
- F11The 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.
- F12The reporting person earned 152,289 shares in respect of PBRSUs for the 2015-2016 performance period, which were granted to the reporting person as restricted stock units on 3/1/17. 100% of the shares subject to such restricted stock units will vest on the first anniversary of the date of grant.
- F2Tax withholding footnote: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of 67,889 shares of common stock underlying PBRSUs on 2/15/18 (see footnote 1).
- F3The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
- F4The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F5The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
- F6The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 and 25% each 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.
- F7Not applicable.
- F8Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F9The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/16 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.