Filing Details
- Accession Number:
- 0001633917-17-000123
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-07-06 16:49:32
- Reporting Period:
- 2017-07-03
- Filing Date:
- 2017-07-06
- Accepted Time:
- 2017-07-06 16:49:32
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1633917 | Paypal Holdings Inc. | PYPL | Services-Business Services, Nec (7389) | 492989869 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1644073 | J Gary Marino | C/O Paypal Holdings, Inc. 2211 North First Street San Jose CA 95131 | Evp, Chief Commercial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-07-03 | 342 | $35.20 | 37,491 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-07-03 | 342 | $54.03 | 37,149 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-07-03 | 336 | $35.88 | 37,485 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-07-03 | 336 | $54.03 | 37,149 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-07-03 | 673 | $35.88 | 37,822 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-07-03 | 673 | $54.03 | 37,149 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-07-03 | 342 | $0.00 | 342 | $35.20 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-07-03 | 336 | $0.00 | 336 | $35.88 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-07-03 | 673 | $0.00 | 673 | $35.88 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,080 | 2021-04-01 | No | 4 | M | Direct | |
| 21,854 | 2022-04-01 | No | 4 | M | Direct | |
| 21,181 | 2022-04-01 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units -2 | $0.00 | 2,052 | 2,052 | Direct | ||
| Common Stock | Restricted Stock Units -3 | $0.00 | 4,034 | 4,034 | Direct | ||
| Common Stock | Restricted Stock Units -4 | $0.00 | 8,068 | 8,068 | Direct | ||
| Common Stock | Restricted Stock Units -5 | $0.00 | 25,179 | 25,179 | Direct | ||
| Common Stock | Restricted Stock Units -6 | $0.00 | 72,777 | 72,777 | Direct | ||
| Common Stock | Restricted Stock Units -7 | $0.00 | 6,993 | 6,993 | Direct | ||
| Common Stock | Restricted Stock Units -8 | $0.00 | 13,986 | 13,986 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2,052 | 2,052 | Direct | |
| 4,034 | 4,034 | Direct | |
| 8,068 | 8,068 | Direct | |
| 25,179 | 25,179 | Direct | |
| 72,777 | 72,777 | Direct | |
| 6,993 | 6,993 | Direct | |
| 13,986 | 13,986 | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- Represents the weighted average price of shares sold at a price at $54.03.
- The 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.
- Total represents an aggregate amount of 21,181 shares beneficially held after both exercises are reflected.
- The 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.
- Not applicable.
- Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
- The 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.
- The reporting person earned 41,959 shares in respect of performance-based restricted stock units (PBRSUs) for the 2015-2016 performance period, which were granted to the reporting person as restricted stock units on 3/1/17. Amount represents 50% of the shares subject to such restricted stock units vesting on the first anniversary of the date of grant.
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