SEC Form 4 · accession 0001633917-19-000088
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:42 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 | 68,642 | $0.00 | A | 130,134 | D | |
| Common Stock | Mar 1, 2019 | M | 12,130 | $0.00 | A | 142,264 | D | |
| Common Stock | Mar 1, 2019 | M | 8,384 | $0.00 | A | 150,648 | D | |
| Common StockF2 | Mar 1, 2019 | F | 45,501 | $98.80 | D | 105,147 | 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 -4F3,F4,F5 | — | Mar 1, 2019 | M | 12,130 | D | — | — | Common Stock | 12,130 | 12,129 | D |
| Restricted Stock Units -6F3,F4,F5 | — | Mar 1, 2019 | M | 8,384 | D | — | — | Common Stock | 8,384 | 16,766 | D |
| Restricted Stock Units -7F3,F4,F5 | — | Mar 1, 2019 | A | 32,226 | A | — | — | Common Stock | 32,226 | 32,226 | D |
| Non-Qualified Stock Option (right to buy)F6 | $37.31 | holding | — | — | — | — | May 15, 2022 | Common Stock | 81,498 | 81,498 | D |
| Restricted Stock Units -1F3,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 10,187 | 10,187 | D |
| Restricted Stock Units -2F3,F7,F5 | — | holding | — | — | — | — | — | Common Stock | 27,166 | 27,166 | D |
| Restricted Stock Units -3F3,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 10,491 | 10,491 | 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.
- F6Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- F7The 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.