SEC Form 4 · accession 0001633917-18-000086

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 29, 2018

Accepted (ET)

Apr 2, 2018 · 6:03 pm EDT

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^F1,F2	Mar 29, 2018	S	3,316	$75.1849	D	346,300	D
Common Stock^F1,F3	Mar 29, 2018	S	5,884	$76.0033	D	340,416	D
Common Stock^F1,F4	Mar 29, 2018	S	1,800	$76.8959	D	338,616	D
Common Stock	Mar 29, 2018	M	15,000	$31.56	A	353,616	D
Common Stock^F1,F5	Mar 29, 2018	S	4,400	$75.1811	D	349,216	D
Common Stock^F1,F6	Mar 29, 2018	S	8,100	$75.986	D	341,116	D
Common Stock^F1,F7	Mar 29, 2018	S	2,500	$76.8874	D	338,616	D
Common Stock	Apr 1, 2018	M	18,154	$0.00	A	356,770	D
Common Stock	Apr 1, 2018	M	54,555	$0.00	A	411,325	D
Common Stock^F8	Apr 1, 2018	F	36,028	$75.87	D	375,297	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)^F9	$31.56	Mar 29, 2018	M	15,000	D	—	Oct 15, 2021	Common Stock	15,000	131,764	D
Performance Stock Units^F10	—	Apr 1, 2018	A	379,110	A	—	Apr 1, 2023	Common Stock	379,110	379,110	D
Restricted Stock Units -3^F11,F12,F13	—	Apr 1, 2018	M	18,154	D	—	—	Common Stock	18,154	18,154	D
Restricted Stock Units -5^F11,F14,F13	—	Apr 1, 2018	M	54,555	D	—	—	Common Stock	54,555	54,555	D
Non-Qualified Stock Option (right to buy)^F15	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	145,234	145,234	D
Non-Qualified Stock Option (right to buy)^F16	$41.64	holding	—	—	—	—	Jul 17, 2022	Common Stock	30,485	30,485	D
Restricted Stock Units -1^F11,F17,F13	—	holding	—	—	—	—	—	Common Stock	33,701	33,701	D
Restricted Stock Units -4^F11,F18,F13	—	holding	—	—	—	—	—	Common Stock	7,621	7,621	D
Restricted Stock Units -6^F11,F14,F13	—	holding	—	—	—	—	—	Common Stock	121,292	121,292	D
Restricted Stock Units -9^F11,F14,F13	—	holding	—	—	—	—	—	Common Stock	113,173	113,173	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F10Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $105 or higher for 90 consecutive trading days during the five-year performance period. The other one-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $125 or higher for 90 consecutive trading days during the five-year performance period (the date on which the $105 or $125 closing price per share target is achieved is referred to as an "earned date" for the applicable performance stock units). If earned, the performance stock units will vest ratably on the third, fourth and fifth anniversaries of the grant date; provided, however, that if the earned date(s) is after the third anniversary of the grant date but before the fourth anniversary, the performance stock units will vest ratably on t
F11Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F12The 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.
F13Not applicable.
F14The 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.
F15The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
F16The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
F17The 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.
F18The 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 the weighted average price of shares sold at prices that ranged from $74.56 to $75.56.
F3Represents the weighted average price of shares sold at prices that ranged from $75.57 to $76.55.
F4Represents the weighted average price of shares sold at prices that ranged from $76.5850 to $77.17.
F5Represents the weighted average price of shares sold at prices that ranged from $74.56 to $75.56.
F6Represents the weighted average price of shares sold at prices that ranged from $75.5850 to $76.5850.
F7Represents the weighted average price of shares sold at prices that ranged from $76.59 to $77.16.
F8Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F9The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.