SEC Form 4 · accession 0001633917-19-000090
PayPal Holdings, Inc. · PYPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Rainey
Officer — CFO and EVP, Global Customer O
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:46 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 | 109,828 | $0.00 | A | 217,673 | D | |
| Common Stock | Mar 1, 2019 | M | 20,215 | $0.00 | A | 237,888 | D | |
| Common Stock | Mar 1, 2019 | M | 16,768 | $0.00 | A | 254,656 | D | |
| Common StockF2 | Mar 1, 2019 | F | 72,790 | $98.80 | D | 181,866 | D | |
| Common StockF3,F4 | Mar 4, 2019 | S | 19,634 | $95.7376 | D | 162,232 | D | |
| Common StockF3,F5 | Mar 4, 2019 | S | 23,167 | $97.0376 | D | 139,065 | D | |
| Common StockF3,F6 | Mar 4, 2019 | S | 29,220 | $97.9183 | D | 109,845 | D | |
| Common StockF3,F7 | Mar 4, 2019 | S | 2,000 | $98.4245 | D | 107,845 | 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 -4F8,F9,F10 | — | Mar 1, 2019 | M | 20,215 | D | — | — | Common Stock | 20,215 | 20,215 | D |
| Restricted Stock Units -6F8,F9,F10 | — | Mar 1, 2019 | M | 16,768 | D | — | — | Common Stock | 16,768 | 33,532 | D |
| Restricted Stock Units -7F8,F9,F10 | — | Mar 1, 2019 | A | 48,339 | A | — | — | Common Stock | 48,339 | 48,339 | D |
| Non-Qualified Stock Option (right to buy)F11 | $33.80 | holding | — | — | — | — | Sep 15, 2022 | Common Stock | 12,745 | 12,745 | D |
| Restricted Stock Units -1F8,F12,F10 | — | holding | — | — | — | — | — | Common Stock | 10,923 | 10,923 | D |
| Restricted Stock Units -3F8,F9,F10 | — | holding | — | — | — | — | — | Common Stock | 16,786 | 16,786 | 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.
- F10Not applicable.
- F11The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
- F12The 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.
- 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 that ranged from $95.36 to $96.25.
- F5Represents the weighted average price of shares sold that ranged from $96.37 to $97.36.
- F6Represents the weighted average price of shares sold that ranged from $97.37 to $98.36.
- F7Represents the weighted average price of shares sold that ranged from $98.37 to $98.49.
- F8Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- F9The 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.