SEC Form 4 · accession 0001633917-19-000082
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Britto
Officer — EVP, Global Sales and Credit
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:33 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 | Mar 1, 2019 | M | 5,659 | $0.00 | A | 9,109 | D | |
| Common Stock | Mar 1, 2019 | M | 1,049 | $0.00 | A | 10,158 | D | |
| Common StockF1 | Mar 1, 2019 | F | 1,987 | $98.80 | D | 8,171 | 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 -2F2,F3,F4 | — | Mar 1, 2019 | M | 5,659 | D | — | — | Common Stock | 5,659 | 11,317 | D |
| Restricted Stock Units -3F2,F3,F4 | — | Mar 1, 2019 | M | 1,049 | D | — | — | Common Stock | 1,049 | 2,095 | D |
| Restricted Stock Units -5F2,F3,F4 | — | Mar 1, 2019 | A | 32,226 | A | — | — | Common Stock | 32,226 | 32,226 | D |
| Restricted Stock Units -1F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 30,311 | 30,311 | D |
| Restricted Stock Units -4F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 8,850 | 8,850 | D |
Explanation of responses
- F1Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- F2Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock
- F3The 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.
- F4Not applicable.