SEC Form 4 · accession 0001633917-19-000037
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
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 6:25 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 | Feb 1, 2019 | M | 5,462 | $33.80 | A | 140,844 | D | |
| Common StockF1,F2 | Feb 1, 2019 | S | 3,462 | $88.7194 | D | 137,382 | D | |
| Common StockF1,F3 | Feb 1, 2019 | S | 2,000 | $89.67 | D | 135,382 | D | |
| Common StockF1,F4 | Feb 1, 2019 | S | 12,450 | $88.7265 | D | 122,932 | D | |
| Common StockF1,F5 | Feb 1, 2019 | S | 15,087 | $89.6615 | D | 107,845 | 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 | $33.80 | Feb 1, 2019 | M | 5,462 | D | — | Sep 15, 2022 | Common Stock | 5,462 | 12,745 | D |
| Restricted Stock Units -1F9,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 10,923 | 10,923 | D |
| Restricted Stock Units -3F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 16,786 | 16,786 | D |
| Restricted Stock Units -4F9,F10,F8 | — | holding | — | — | — | — | — | Common Stock | 40,430 | 40,430 | D |
| Restricted Stock Units -6F9,F10,F8 | — | 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.
- 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 $88.345 to $89.32.
- F3Represents the weighted average price of shares sold at prices that ranged from $89.37 to $89.88.
- F4Represents the weighted average price of shares sold at prices that ranged from $88.30 to $89.22.
- F5Represents the weighted average price of shares sold at prices that ranged from $89.30 to $89.87.
- 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.