SEC Form 4 · accession 0001633917-18-000175
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Karczmer
Officer — EVP,Chief Risk,Compliance,Sec
Period of report
Jul 27, 2018
Accepted (ET)
Jul 31, 2018 · 7:04 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 | 1,600 | $87.3519 | D | 12,174 | D | |
| Common StockF1,F3 | Jul 27, 2018 | S | 700 | $88.4957 | D | 11,474 | D | |
| Common StockF1,F4 | Jul 27, 2018 | S | 400 | $89.415 | D | 11,074 | D | |
| Common StockF1,F5 | Jul 27, 2018 | S | 410 | $90.068 | D | 10,664 | D | |
| Common StockF1,F6 | Jul 27, 2018 | S | 3,900 | $87.3638 | D | 6,764 | D | |
| Common StockF1,F7 | Jul 27, 2018 | S | 1,400 | $88.575 | D | 5,364 | D | |
| Common StockF1,F8 | Jul 27, 2018 | S | 1,100 | $89.4164 | D | 4,264 | D | |
| Common StockF1,F9 | Jul 27, 2018 | S | 820 | $90.0698 | D | 3,444 | 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 -1F12,F10,F11 | — | holding | — | — | — | — | — | Common Stock | 8,864 | 8,864 | D |
| Restricted Stock Units -2F12,F10,F11 | — | holding | — | — | — | — | — | Common Stock | 32,345 | 32,345 | D |
| Restricted Stock Units -3F12,F10,F11 | — | holding | — | — | — | — | — | Common Stock | 31,437 | 31,437 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F10The 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.
- F11Not applicable.
- F12Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F2Represents the weighted average price of shares sold at prices that ranged from $86.90 to $87.80
- F3Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.86.
- F4Represents the weighted average price of shares sold at prices that ranged from $88.98 to $89.70.
- F5Represents the weighted average price of shares sold at prices that ranged from $90.04 to $90.19.
- F6Represents the weighted average price of shares sold at prices that ranged from $86.90 to $87.90.
- F7Represents the weighted average price of shares sold at prices that ranged from $87.94 to $88.89.
- F8Represents the weighted average price of shares sold at prices that ranged from $88.96 to $89.87.
- F9Represents the weighted average price of shares sold at prices that ranged from $89.99 to $90.24.