SEC Form 4 · accession 0001633917-19-000080
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Karczmer
Officer — EVP,Chief Risk,Compliance,Sec
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:30 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 | 53,190 | $0.00 | A | 57,859 | D | |
| Common Stock | Mar 1, 2019 | M | 16,173 | $0.00 | A | 74,032 | D | |
| Common Stock | Mar 1, 2019 | M | 10,480 | $0.00 | A | 84,512 | D | |
| Common StockF2 | Mar 1, 2019 | F | 42,494 | $98.80 | D | 42,018 | D | |
| Common StockF3,F4 | Mar 1, 2019 | S | 6,813 | $98.2513 | D | 35,205 | D | |
| Common StockF3,F5 | Mar 4, 2019 | S | 21,200 | $97.6626 | D | 14,005 | 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 -2F6,F7,F8 | — | Mar 1, 2019 | M | 16,173 | D | — | — | Common Stock | 16,173 | 16,172 | D |
| Restricted Stock Units -3F6,F7,F8 | — | Mar 1, 2019 | M | 10,480 | D | — | — | Common Stock | 10,480 | 20,957 | D |
| Restricted Stock Units -4F6,F7,F8 | — | Mar 1, 2019 | A | 37,597 | A | — | — | Common Stock | 37,597 | 37,597 | D |
| Restricted Stock Units -1F6,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 8,864 | 8,864 | 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.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F4Represents the weighted average price of shares sold at prices that ranged from $98.09 to $98.49.
- F5Represents the weighted average price of shares sold at prices that ranged from $97.09 to $98.08.
- F6Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F7The 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.
- F8Not applicable.