SEC Form 4 · accession 0001633917-18-000215
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adele Louise Pentland
Officer — EVP, Chief Bus. Affairs &
Period of report
Oct 29, 2018
Accepted (ET)
Oct 31, 2018 · 7:54 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 29, 2018 | M | 8,149 | $37.31 | A | 61,056 | D | |
| Common StockF1,F2 | Oct 29, 2018 | S | 8,149 | $84.6844 | D | 52,907 | 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)F3 | $37.31 | Oct 29, 2018 | M | 8,149 | D | — | May 15, 2022 | Common Stock | 8,149 | 6,113 | D |
| Restricted Stock Units -1F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 6,112 | 6,112 | D |
| Restricted Stock Units -2F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 27,166 | 27,166 | D |
| Restricted Stock Units -3F6,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 16,786 | 16,786 | D |
| Restricted Stock Units -4F6,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 40,430 | 40,430 | D |
| Restricted Stock Units -6F6,F7,F5 | — | 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 $84.32 to $85.11.
- F3The 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.
- F4The 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.
- F5Not applicable.
- F6Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F7The 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.