Filing Details
- Accession Number:
- 0001633917-19-000216
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-11-20 18:28:25
- Reporting Period:
- 2019-11-18
- Accepted Time:
- 2019-11-20 18:28:25
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1633917 | Paypal Holdings Inc. | PYPL | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1215315 | H Daniel Schulman | C/O Paypal Holdings, Inc. 2211 North First Street San Jose CA 95131 | President And Ceo | Yes | 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 | 2019-11-18 | 15,000 | $41.64 | 427,074 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-11-18 | 14,900 | $103.48 | 412,174 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-11-18 | 100 | $104.11 | 412,074 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-11-18 | 14,600 | $103.47 | 397,474 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-11-18 | 400 | $104.04 | 397,074 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | 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 | 2019-11-18 | 15,000 | $0.00 | 15,000 | $41.64 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,719 | 2022-07-17 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Stock Units | $0.00 | 2023-04-01 | 379,110 | 379,110 | Direct | |
| Common Stock | Restricted Stock Units -10 | $0.00 | 112,790 | 112,790 | Direct | ||
| Common Stock | Restricted Stock Units -6 | $0.00 | 60,646 | 60,646 | Direct | ||
| Common Stock | Restricted Stock Units -9 | $0.00 | 75,447 | 75,447 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2023-04-01 | 379,110 | 379,110 | Direct |
| 112,790 | 112,790 | Direct | |
| 60,646 | 60,646 | Direct | |
| 75,447 | 75,447 | 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 prices that ranged from $103.01 to $104.00.
- Represents the weighted average price of shares sold at prices that ranged from $103.01 to $103.95.
- Represents the weighted average price of shares sold at prices that ranged from $104.01 to $104.11.
- The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
- Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $105 or higher for 90 consecutive trading days during the five-year performance period. The other one-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $125 or higher for 90 consecutive trading days during the five-year performance period. If earned, the performance stock units will, subject to certain exceptions, vest ratably on the third, fourth and fifth anniversaries of the grant date. Any performance stock unit that has not been earned and vested as of the fifth anniversary of the grant date will be forfeited.
- 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.
- Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
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