SEC Form 4 · accession 0001633917-18-000061
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Karczmer
Officer — EVP, CR, Compliance & Sec Ofc
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:32 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 Stock | Mar 1, 2018 | M | 16,173 | $0.00 | A | 23,909 | D | |
| Common StockF1 | Mar 1, 2018 | F | 8,608 | $78.64 | D | 15,301 | D | |
| Common StockF2,F3 | Mar 2, 2018 | S | 5,674 | $77.5111 | D | 9,627 | 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 -2F4,F5,F6 | — | Mar 1, 2018 | M | 16,173 | D | — | — | Common Stock | 16,173 | 32,345 | D |
| Restricted Stock Units -3F4,F5,F6 | — | Mar 1, 2018 | A | 31,437 | A | — | — | Common Stock | 31,437 | 31,437 | D |
| Restricted Stock Units -1F4,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 17,729 | 17,729 | D |
Explanation of responses
- F1Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F3Represents the weighted average price of shares sold at prices that ranged from $76.97 to $77.92.
- F4Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F5The 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.
- F6Not applicable.