SEC Form 4 · accession 0001633917-18-000231
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
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 6:39 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 7, 2018 | M | 1,009 | $35.88 | A | 41,309 | D | |
| Common StockF1 | Dec 7, 2018 | S | 1,009 | $84.96 | 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)F2 | $35.88 | Dec 7, 2018 | M | 1,009 | D | — | Apr 1, 2022 | Common Stock | 1,009 | 4,035 | D |
| Restricted Stock Units -3F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 2,017 | 2,017 | D |
| Restricted Stock Units -4F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -5F5,F6,F4 | — | holding | — | — | — | — | — | Common Stock | 12,589 | 12,589 | D |
| Restricted Stock Units -6F5,F6,F4 | — | holding | — | — | — | — | — | Common Stock | 48,517 | 48,517 | D |
| Restricted Stock Units -9F5,F6,F4 | — | 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.
- F2The 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.
- F3The 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.
- F4Not applicable.
- F5Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F6The 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.