SEC Form 4 · accession 0001633917-19-000068
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Auerbach
Officer — EVP, Chief Strategy & Growth O
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 6:11 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 20, 2019 | S | 21,055 | $94.5451 | D | 76,775 | D | |
| Common StockF1,F3 | Feb 20, 2019 | S | 15,283 | $95.4718 | D | 61,492 | 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 | $37.31 | holding | — | — | — | — | May 15, 2022 | Common Stock | 81,498 | 81,498 | D |
| Restricted Stock Units -1F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 10,187 | 10,187 | D |
| Restricted Stock Units -2F7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 27,166 | 27,166 | D |
| Restricted Stock Units -3F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 10,491 | 10,491 | D |
| Restricted Stock Units -4F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 24,259 | 24,259 | D |
| Restricted Stock Units -6F7,F8,F6 | — | holding | — | — | — | — | — | Common Stock | 25,150 | 25,150 | 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 $94.09 to $95.08.
- F3Represents the weighted average price of shares sold at prices that ranged from $95.15 to $95.72.
- F4Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F5The 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.
- F6Not applicable.
- F7Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F8The 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.