SEC Form 4 · accession 0001633917-19-000039
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
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 6:27 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 StockF1,F2 | Feb 1, 2019 | S | 10,900 | $88.7601 | D | 66,558 | D | |
| Common StockF1,F3 | Feb 1, 2019 | S | 18,786 | $89.6602 | D | 47,772 | 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 | $35.88 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 7,397 | 7,397 | D |
| Restricted Stock Units -10F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 50,300 | 50,300 | D |
| Restricted Stock Units -5F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 4,034 | 4,034 | D |
| Restricted Stock Units -6F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 18,884 | 18,884 | D |
| Restricted Stock Units -8F7,F9,F6 | — | holding | — | — | — | — | — | Common Stock | 283,018 | 283,018 | 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 $88.30 to $89.25.
- F3Represents the weighted average price of shares sold at prices that ranged from $89.30 to $89.88.
- F4Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F5The 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.
- F6Not applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F8The 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.
- F9The 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.