Filing Details
- Accession Number:
- 0001633917-18-000065
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-03-05 17:41:39
- Reporting Period:
- 2018-03-01
- Accepted Time:
- 2018-03-05 17:41:39
- 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 | 2018-03-01 | 20,217 | $0.00 | 73,124 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-01 | 10,024 | $78.64 | 63,100 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-03-01 | 21,190 | $0.00 | 84,290 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-01 | 10,507 | $78.64 | 73,783 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-02 | 20,876 | $77.60 | 52,907 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units -4 | Disposition | 2018-03-01 | 20,217 | $0.00 | 20,217 | $0.00 |
| Common Stock | Restricted Stock Units -5 | Disposition | 2018-03-01 | 21,190 | $0.00 | 21,190 | $0.00 |
| Common Stock | Restricted Stock Units -6 | Acquisiton | 2018-03-01 | 50,300 | $0.00 | 50,300 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 40,430 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 50,300 | No | 4 | A | 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) | $37.31 | 2022-05-15 | 14,262 | 14,262 | 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 |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2022-05-15 | 14,262 | 14,262 | Direct |
| 12,224 | 12,224 | Direct | |
| 54,332 | 54,332 | Direct | |
| 33,572 | 33,572 | Direct |
Footnotes
- Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
- Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares subject to restricted stock units granted to the Reporting Person in respect of PBRSUs for the 2015-2016 performance period.
- 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 $77.04 to $77.92.
- 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.
- Not applicable.
- 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 the remaining 50% of the shares subject to such restricted stock units which vested on 3/1/18.
- 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.
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