SEC Form 4 · accession 0001633917-18-000100
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adele Louise Pentland
Officer — EVP, CHF Bus. Aff. & Legal OFC
Period of report
Apr 27, 2018
Accepted (ET)
May 1, 2018 · 4:37 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 27, 2018 | S | 5,563 | $75.0839 | D | 55,807 | D | |
| Common StockF1,F3 | Apr 27, 2018 | S | 2,900 | $75.8679 | D | 52,907 | 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)F4 | $37.31 | holding | — | — | — | — | May 15, 2022 | Common Stock | 14,262 | 14,262 | D |
| Restricted Stock Units -1F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 12,224 | 12,224 | D |
| Restricted Stock Units -2F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 54,332 | 54,332 | D |
| Restricted Stock Units -3F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 16,786 | 16,786 | D |
| Restricted Stock Units -4F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 40,430 | 40,430 | D |
| Restricted Stock Units -6F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 50,300 | 50,300 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Represents the weighted average price of shares sold at prices that ranged from $74.55 to $75.55
- F3Represents the weighted average price of shares sold at prices that ranged from $75.65 to $76.23.
- F4Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F5The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit 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.
- F6Not applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F8The 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.