SEC Form 4 · accession 0001633917-18-000055

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 28, 2018

Accepted (ET)

Mar 1, 2018 · 6:31 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
Common Stock	Feb 28, 2018	M	15,000	$31.56	A	268,189	D
Common Stock^F1,F2	Feb 28, 2018	S	6,300	$80.191	D	261,889	D
Common Stock^F1,F3	Feb 28, 2018	S	7,900	$80.907	D	253,989	D
Common Stock^F1,F4	Feb 28, 2018	S	800	$81.8244	D	253,189	D
Common Stock^F1,F5	Feb 28, 2018	S	4,600	$80.1895	D	248,589	D
Common Stock^F1,F6	Feb 28, 2018	S	6,000	$80.9259	D	242,589	D
Common Stock^F1,F7	Feb 28, 2018	S	400	$81.9688	D	242,189	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)^F8	$31.56	Feb 28, 2018	M	15,000	D	—	Oct 15, 2021	Common Stock	15,000	146,764	D
Non-Qualified Stock Option (right to buy)^F9	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	145,234	145,234	D
Non-Qualified Stock Option (right to buy)^F10	$41.64	holding	—	—	—	—	Jul 17, 2022	Common Stock	30,485	30,485	D
Restricted Stock Units -1^F13,F11,F12	—	holding	—	—	—	—	—	Common Stock	33,701	33,701	D
Restricted Stock Units -3^F13,F14,F12	—	holding	—	—	—	—	—	Common Stock	36,308	36,308	D
Restricted Stock Units -4^F13,F15,F12	—	holding	—	—	—	—	—	Common Stock	7,621	7,621	D
Restricted Stock Units -5^F13,F16,F12	—	holding	—	—	—	—	—	Common Stock	109,110	109,110	D
Restricted Stock Units -6^F13,F16,F12	—	holding	—	—	—	—	—	Common Stock	181,941	181,941	D
Restricted Stock Units -7^F13,F17,F12	—	holding	—	—	—	—	—	Common Stock	125,870	125,870	D
Restricted Stock Units -8^F13,F17,F12	—	holding	—	—	—	—	—	Common Stock	26,419	26,419	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F10The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
F11The 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.
F12Not applicable.
F13Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F14The 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.
F15The 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.
F16The 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.
F17The 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.
F2Represents the weighted average price of shares sold at prices that ranged from $79.49 to $80.46.
F3Represents the weighted average price of shares sold at prices that ranged from $80.50 to $81.4950
F4Represents the weighted average price of shares sold at prices that ranged from $81.56 to $82.06.
F5Represents the weighted average price of shares sold at prices that ranged from $79.50 to $80.45.
F6Represents the weighted average price of shares sold at prices that ranged from $80.52 to $81.50.
F7Represents the weighted average price of shares sold at prices that ranged from $81.78 to 82.06
F8The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
F9The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.