SEC Form 4 · accession 0001633917-19-000074
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Anderson
Officer — VP, Chief Accounting Officer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:18 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2019 | A | 4,120 | $0.00 | A | 9,721 | D | |
| Common Stock | Mar 1, 2019 | M | 3,033 | $0.00 | A | 12,754 | D | |
| Common Stock | Mar 1, 2019 | M | 1,415 | $0.00 | A | 14,169 | D | |
| Common Stock | Mar 1, 2019 | M | 944 | $0.00 | A | 15,113 | D | |
| Common StockF2 | Mar 1, 2019 | F | 3,569 | $98.80 | D | 11,544 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units -10F3,F4,F5 | — | Mar 1, 2019 | A | 2,417 | A | — | — | Common Stock | 2,417 | 2,417 | D |
| Restricted Stock Units -6F3,F4,F5 | — | Mar 1, 2019 | M | 3,033 | D | — | — | Common Stock | 3,033 | 3,032 | D |
| Restricted Stock Units -7F3,F4,F5 | — | Mar 1, 2019 | M | 1,415 | D | — | — | Common Stock | 1,415 | 2,829 | D |
| Restricted Stock Units -8F3,F4,F5 | — | Mar 1, 2019 | M | 944 | D | — | — | Common Stock | 944 | 1,886 | D |
| Restricted Stock Units -9F3,F4,F5 | — | Mar 1, 2019 | A | 4,432 | A | — | — | Common Stock | 4,432 | 4,432 | D |
| Restricted Stock Units -4F3,F6,F5 | — | holding | — | — | — | — | — | Common Stock | 2,017 | 2,017 | D |
| Restricted Stock Units -5F3,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 1,888 | 1,888 | D |
Explanation of responses
- F1Represents shares earned in respect to performance-based restricted stock units (PBRSUs) based on the achievement by PayPal of certain performance targets for the 2016-2018 performance period, which were vested as shares of common stock on 3/1/2019.
- F2Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- F3Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F4The 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.
- F5Not applicable.
- F6The 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.