SEC Form 4 · accession 0001633917-18-000223

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

Nov 16, 2018

Accepted (ET)

Nov 20, 2018 · 6:18 pm EST

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^F1,F2	Nov 16, 2018	S	7,200	$85.6804	D	85,485	D
Common Stock^F1,F3	Nov 16, 2018	S	4,940	$86.2284	D	80,545	D
Common Stock^F1,F4	Nov 16, 2018	S	2,645	$86.2559	D	77,900	D
Common Stock^F1,F5	Nov 16, 2018	S	2,673	$85.4387	D	75,227	D
Common Stock^F1,F6	Nov 16, 2018	S	5,360	$85.6194	D	69,867	D
Common Stock^F1,F7	Nov 16, 2018	S	4,640	$86.2163	D	65,227	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)^F8	$35.88	holding	—	—	—	—	Apr 1, 2022	Common Stock	7,397	7,397	D
Restricted Stock Units -10^F11,F9,F10	—	holding	—	—	—	—	—	Common Stock	50,300	50,300	D
Restricted Stock Units -5^F11,F12,F10	—	holding	—	—	—	—	—	Common Stock	4,034	4,034	D
Restricted Stock Units -6^F11,F9,F10	—	holding	—	—	—	—	—	Common Stock	18,884	18,884	D
Restricted Stock Units -8^F11,F13,F10	—	holding	—	—	—	—	—	Common Stock	307,277	307,277	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F10Not applicable.
F11Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F12The 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.
F13The 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 share price of shares sold at prices that ranged from $84.99 to $85.98.
F3Represents the weighted average share price of shares sold at prices that ranged from $86.00 to $86.69.
F4Represents the weighted average share price of shares sold at prices that ranged from $85.99 to $86.62
F5Represents the weighted average share price of shares sold at prices that ranged from $84.99 to $85.97.
F6Represents the weighted average share price of shares sold at prices that ranged from $84.99 to $85.985.
F7Represents the weighted average share price of shares sold at prices that ranged from $85.99 to $86.63.
F8Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
F9The 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.

Remarks

Includes 117 shares acquired under the Employee Stock Purchase Plan on October 31, 2018.