SEC Form 4 · accession 0001633917-18-000173
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Anderson
Officer — VP, Chief Accounting Officer
Period of report
Jul 27, 2018
Accepted (ET)
Jul 31, 2018 · 6:53 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 | Jul 27, 2018 | S | 8,900 | $87.3479 | D | 9,921 | D | |
| Common StockF1,F3 | Jul 27, 2018 | S | 3,400 | $88.4641 | D | 6,521 | D | |
| Common StockF1,F4 | Jul 27, 2018 | S | 2,900 | $89.4061 | D | 3,621 | D | |
| Common StockF1,F5 | Jul 27, 2018 | S | 1,862 | $90.0782 | D | 1,759 | 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 -3F8,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 7,204 | 7,204 | D |
| Restricted Stock Units -4F8,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 2,017 | 2,017 | D |
| Restricted Stock Units -5F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 1,888 | 1,888 | D |
| Restricted Stock Units -6F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 6,065 | 6,065 | D |
| Restricted Stock Units -7F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 4,244 | 4,244 | D |
| Restricted Stock Units -8F8,F9,F7 | — | holding | — | — | — | — | — | Common Stock | 2,830 | 2,830 | 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 $86.85 to $87.82.
- F3Represents the weighted average price of shares sold at prices that ranged from $87.87 to $88.85.
- F4Represents the weighted average price of shares sold at prices that ranged from $88.91 to $89.87.
- F5Represents the weighted average price of shares sold at prices that ranged from $89.99 to $90.1850
- F6The 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.
- F7Not applicable.
- F8Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F9The 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.