SEC Form 4 · accession 0001633917-18-000071
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
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:59 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 | 60,649 | $0.00 | A | 302,838 | D | |
| Common StockF1 | Mar 1, 2018 | F | 30,052 | $78.64 | D | 272,786 | D | |
| Common Stock | Mar 1, 2018 | M | 125,870 | $0.00 | A | 398,656 | D | |
| Common StockF2 | Mar 1, 2018 | F | 62,368 | $78.64 | D | 336,288 | D | |
| Common Stock | Mar 1, 2018 | M | 26,419 | $0.00 | A | 362,707 | D | |
| Common StockF2 | Mar 1, 2018 | F | 13,091 | $78.64 | D | 349,616 | 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 -6F3,F4,F5 | — | Mar 1, 2018 | M | 60,649 | D | — | — | Common Stock | 60,649 | 121,292 | D |
| Restricted Stock Units -7F3,F6,F5 | — | Mar 1, 2018 | M | 125,870 | D | — | — | Common Stock | 125,870 | 0 | D |
| Restricted Stock Units -8F3,F6,F5 | — | Mar 1, 2018 | M | 26,419 | D | — | — | Common Stock | 26,419 | 0 | D |
| Restricted Stock Units -9F3,F4,F5 | — | Mar 1, 2018 | A | 113,173 | A | — | — | Common Stock | 113,173 | 113,173 | D |
| Non-Qualified Stock Option (right to buy)F7 | $31.56 | holding | — | — | — | — | Oct 15, 2021 | Common Stock | 146,764 | 146,764 | D |
| Non-Qualified Stock Option (right to buy)F8 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 145,234 | 145,234 | D |
| Non-Qualified Stock Option (right to buy)F9 | $41.64 | holding | — | — | — | — | Jul 17, 2022 | Common Stock | 30,485 | 30,485 | D |
| Restricted Stock Units -1F3,F10,F5 | — | holding | — | — | — | — | — | Common Stock | 33,701 | 33,701 | D |
| Restricted Stock Units -3F3,F11,F5 | — | holding | — | — | — | — | — | Common Stock | 36,308 | 36,308 | D |
| Restricted Stock Units -4F3,F12,F5 | — | holding | — | — | — | — | — | Common Stock | 7,621 | 7,621 | D |
| Restricted Stock Units -5F3,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 109,110 | 109,110 | 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.
- F10The 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.
- F11The 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.
- F12The 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.
- F2Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares subject to restricted stock units granted to the Reporting Person in respect of PBRSUs for the 2015-2016 performance period.
- F3Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F4The 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.
- F5Not applicable.
- F6The 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. Amount represents 100% of the shares subject to such restricted stock units which vested on 3/1/18.
- F7The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
- F8The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
- F9The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.