SEC Form 4 · accession 0001633917-18-000179

PayPal Holdings, Inc. · PYPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

William J Ready

Officer — EVP, Chief Operating Officer

Period of report

Jul 27, 2018

Accepted (ET)

Jul 31, 2018 · 7:22 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	Jul 27, 2018	M	24,878	$35.88	A	119,215	D
Common Stock^F1,F2	Jul 27, 2018	S	13,000	$87.3547	D	106,215	D
Common Stock^F1,F3	Jul 27, 2018	S	4,800	$88.4627	D	101,415	D
Common Stock^F1,F4	Jul 27, 2018	S	4,300	$89.3883	D	97,115	D
Common Stock^F1,F5	Jul 27, 2018	S	2,778	$90.0702	D	94,337	D
Common Stock^F1,F6	Jul 27, 2018	S	7,400	$87.3527	D	86,937	D
Common Stock^F1,F7	Jul 27, 2018	S	2,800	$88.5117	D	84,137	D
Common Stock^F1,F8	Jul 27, 2018	S	2,500	$89.4806	D	81,637	D
Common Stock^F1,F9	Jul 27, 2018	S	1,300	$90.0715	D	80,337	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)^F10	$35.88	Jul 27, 2018	M	24,878	D	—	Apr 1, 2022	Common Stock	24,878	7,397	D
Restricted Stock Units -10^F13,F11,F12	—	holding	—	—	—	—	—	Common Stock	50,300	50,300	D
Restricted Stock Units -5^F13,F14,F12	—	holding	—	—	—	—	—	Common Stock	4,034	4,034	D
Restricted Stock Units -6^F13,F11,F12	—	holding	—	—	—	—	—	Common Stock	18,884	18,884	D
Restricted Stock Units -8^F13,F15,F12	—	holding	—	—	—	—	—	Common Stock	331,536	331,536	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F10Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
F11The 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.
F12Not applicable.
F13Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F14The 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.
F15The 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 quarterly 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 $86.85 to $87.83.
F3Represents the weighted average price of shares sold at prices that ranged from $87.87 to $88.86.
F4Represents the weighted average price of shares sold at prices that ranged from $88.90 to $89.83.
F5Represents the weighted average price of shares sold at prices that ranged from $89.96 to $90.1850.
F6Represents the weighted average price of shares sold at prices that ranged from $86.85 to $87.82.
F7Represents the weighted average price of shares sold at prices that ranged from $87.90 to $88.86.
F8Represents the weighted average price of shares sold at prices that ranged from $88.95 to $89.95.
F9Represents the weighted average price of shares sold at prices that ranged from $89.99 to $90.22.