SEC Form 4 · accession 0001633917-18-000209
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary J Marino
Officer — Chief Commercial Officer
Period of report
Oct 26, 2018
Accepted (ET)
Oct 30, 2018 · 7:15 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 Stock | Oct 26, 2018 | M | 2,737 | $35.20 | A | 87,512 | D | |
| Common Stock | Oct 26, 2018 | M | 14,120 | $35.88 | A | 101,632 | D | |
| Common StockF1,F2 | Oct 26, 2018 | S | 12,030 | $82.8197 | D | 89,602 | D | |
| Common StockF1,F3 | Oct 26, 2018 | S | 29,006 | $83.6187 | D | 60,596 | D | |
| Common StockF1,F4 | Oct 26, 2018 | S | 16,706 | $84.6067 | D | 43,890 | D | |
| Common StockF1,F5 | Oct 26, 2018 | S | 3,590 | $85.4136 | D | 40,300 | 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)F6 | $35.20 | Oct 26, 2018 | M | 2,737 | D | — | Apr 1, 2021 | Common Stock | 0 | 0 | D |
| Non-Qualified Stock Option (right to buy)F6 | $35.88 | Oct 26, 2018 | M | 14,120 | D | — | Apr 1, 2022 | Common Stock | 14,120 | 6,053 | D |
| Restricted Stock Units -3F9,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 2,017 | 2,017 | D |
| Restricted Stock Units -4F9,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -5F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 12,589 | 12,589 | D |
| Restricted Stock Units -6F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 48,517 | 48,517 | D |
| Restricted Stock Units -9F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 44,012 | 44,012 | 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.
- F2Represents the weighted average price of shares sold at prices that ranged from $82.22 to $83.21.
- F3Represents the weighted average price of shares sold at prices that ranged from $83.22 to $84.21.
- F4Represents the weighted average price of shares sold at prices that ranged from $84.23 to $85.22.
- F5Represents the weighted average price of shares sold at prices that ranged from $85.25 to $85.61.
- F6The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
- F7The 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.
- F8Not applicable.
- F9Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.