0001209191-15-061971.txt : 20150721
0001209191-15-061971.hdr.sgml : 20150721
20150721204743
ACCESSION NUMBER: 0001209191-15-061971
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150717
FILED AS OF DATE: 20150721
DATE AS OF CHANGE: 20150721
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PayPal Holdings, Inc.
CENTRAL INDEX KEY: 0001633917
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 492989869
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
BUSINESS PHONE: (408) 967-7400
MAIL ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Marino Gary J
CENTRAL INDEX KEY: 0001644073
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36859
FILM NUMBER: 15998831
MAIL ADDRESS:
STREET 1: C/O PAYPAL HOLDINGS, INC.
STREET 2: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-07-17
0
0001633917
PayPal Holdings, Inc.
PYPL
0001644073
Marino Gary J
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
0
1
0
0
SVP, Global Cred. and Americas
Restricted Stock Units-1
2015-07-17
4
A
0
41115
0.00
A
51180
D
Non-Qualified Stock Option (right to buy)
15.00
2015-07-17
4
A
0
63694
0.00
A
2017-03-01
Common Stock
63694
63694
D
Non-Qualified Stock Option (right to buy)
20.28
2015-07-17
4
A
0
47770
0.00
A
2018-03-01
Common Stock
47770
47770
D
Non-Qualified Stock Option (right to buy)
22.98
2015-07-17
4
A
0
24044
0.00
A
2019-04-02
Common Stock
24044
24044
D
Non-Qualified Stock Option (right to buy)
34.99
2015-07-17
4
A
0
18051
0.00
A
2020-04-01
Common Stock
18051
18051
D
Non-Qualified Stock Option (right to buy)
35.19
2015-07-17
4
A
0
16423
0.00
A
2021-04-01
Common Stock
16423
16423
D
Non-Qualified Stock Option (right to buy)
35.88
2015-07-17
4
A
0
16138
0.00
A
2022-04-01
Common Stock
16138
16138
D
Non-Qualified Stock Option (right to buy)
35.88
2015-07-17
4
A
0
32275
0.00
A
2022-04-01
Common Stock
32275
32275
D
In connection with the spin-off of the Issuer from eBay Inc. on July 17, 2015, each outstanding eBay RSU award was converted into a RSU award denominated in shares of the Issuer's common stock pursuant to the terms of the employee matters agreement between eBay Inc. and the Issuer. The number of underlying shares was adjusted in a manner intended to preserve the aggregate intrinsic value of the original eBay RSU award. Each RSU represents a contingent right to receive one share of the Issuer's underlying common stock.
In connection with the spin-off of the Issuer from eBay Inc. on July 17, 2015, each outstanding eBay stock option was converted into an award of options to purchase shares of the Issuer's common stock pursuant to the terms of the employee matters agreement between eBay Inc. and the Issuer. The number of shares and exercise prices of each option award was adjusted in a manner intended to preserve the aggregate intrinsic value of the original eBay stock option.
The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the original eBay grant and 1/48th per month thereafter.
By: Russell S. Elmer For: Gary J. Marino
2015-07-17