Filing Details
- Accession Number:
- 0001633917-18-000043
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-02-20 17:47:02
- Reporting Period:
- 2018-02-15
- Accepted Time:
- 2018-02-20 17:47:02
- 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 |
---|---|---|---|---|---|---|---|
1643724 | Louise Adele Pentland | C/O Paypal Holdings, Inc. 2211 North First Street San Jose CA 95131 | Evp, Chf Bus. Aff. & Legal Ofc | 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 | 2018-02-15 | 21,216 | $0.00 | 67,261 | No | 4 | A | Direct | |
Common Stock | Disposition | 2018-02-15 | 8,620 | $78.30 | 58,641 | No | 4 | F | Direct | |
Common Stock | Disposition | 2018-02-16 | 5,734 | $77.88 | 52,907 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | A | Direct | |
No | 4 | F | Direct | |
No | 4 | S | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Non-Qualified Stock Option (right to buy) | $0.00 | 2022-05-15 | 48,899 | 48,899 | Direct | |
Common Stock | Restricted Stock Units -1 | $0.00 | 12,224 | 12,224 | Direct | ||
Common Stock | Restricted Stock Units -2 | $0.00 | 54,332 | 54,332 | Direct | ||
Common Stock | Restricted Stock Units -3 | $0.00 | 33,572 | 33,572 | Direct | ||
Common Stock | Restricted Stock Units -4 | $0.00 | 60,647 | 60,647 | Direct | ||
Common Stock | Restricted Stock Units -5 | $0.00 | 21,190 | 21,190 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2022-05-15 | 48,899 | 48,899 | Direct |
12,224 | 12,224 | Direct | |
54,332 | 54,332 | Direct | |
33,572 | 33,572 | Direct | |
60,647 | 60,647 | Direct | |
21,190 | 21,190 | Direct |
Footnotes
- AIP share footnote: The reporting person earned 21,216 shares in respect of performance-based restricted stock unit units (PBRSUs) based on the company's achievement of certain performance targets for the 2017 performance period, which were vested as shares of common stock on 2/15/18.
- Tax withholding footnote: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of 21,216 shares of common stock underlying PBRSUs on 2/15/18 (see footnote 1).
- 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 prices that ranged from $77.57 to $78.17.
- Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
- 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 a total of 42,380 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.