SEC Form 4 · accession 0001633917-18-000211
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Rainey
Officer — CFO and EVP, Global Customer O
Period of report
Oct 26, 2018
Accepted (ET)
Oct 30, 2018 · 7:19 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 | 7,282 | $33.80 | A | 142,664 | D | |
| Common StockF1,F2 | Oct 26, 2018 | S | 4,182 | $83.3097 | D | 138,482 | D | |
| Common StockF1,F3 | Oct 26, 2018 | S | 3,100 | $84.1797 | D | 135,382 | 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 | $33.80 | Oct 26, 2018 | M | 7,282 | D | — | Sep 15, 2022 | Common Stock | 0 | 18,207 | D |
| Restricted Stock Units -1F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 10,923 | 10,923 | 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 $82.80 to $83.71.
- F3Represents the weighted average price of shares sold at prices that ranged from $83.81 to $84.52.
- F4The 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.
- 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.