0001633917-16-000234.txt : 20161018
0001633917-16-000234.hdr.sgml : 20161018
20161018180016
ACCESSION NUMBER: 0001633917-16-000234
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20161015
FILED AS OF DATE: 20161018
DATE AS OF CHANGE: 20161018
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: Ready William J
CENTRAL INDEX KEY: 0001643573
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36859
FILM NUMBER: 161941564
MAIL ADDRESS:
STREET 1: C/O PAYPAL HOLDINGS, INC.
STREET 2: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2016-10-15
0
0001633917
PayPal Holdings, Inc.
PYPL
0001643573
Ready William J
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
0
1
0
0
EVP, Chief Operating Officer
Common Stock
2016-10-15
4
M
0
25093.0
0.0
A
111140
D
Common Stock
2016-10-15
4
M
0
5340.0
0.0
A
116480
D
Common Stock
2016-10-15
4
F
0
15881.0
39.24
D
100599
D
Restricted Stock Units -3
2016-10-15
4
M
0
25093.0
0.0
D
Common Stock
25093
376397
D
Restricted Stock Units -4
2016-10-15
4
M
0
5340.0
0.0
D
Common Stock
5340
80097
D
Non-Qualified Stock Option (right to buy)
35.88
2022-04-01
Common Stock
32275
32275
D
Restricted Stock Units -5
Common Stock
12103
12103
D
Restricted Stock Units -6
Common Stock
56654
56654
D
Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 30,433 shares of restricted stock units granted to the Reporting Person on January 15, 2014.
Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 20% on the second year anniversary date of the restricted stock unit and 3.33% monthly 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.
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.
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.
The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary, and 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.
By: Brian Yamasaki For: William J. Ready
2016-10-17
EX-24
2
ready.txt
EDGAR SUPPORTING DOCUMENT
POWER OF ATTORNEY
Know all by these presents,that the
undersigned hereby constitutes
and appoints each of John D. Rainey,
A.Louise Pentland, Aaron
Anderson, and Brian Yamasaki,
signing individually, the
undersigneds true and lawful
attorneys-in fact and agents to
(1) execute for and on behalf of
the undersigned, an executive
officer,director or holder of
10% of more of a registered class
of securities of PayPal Holdings, Inc.
(the Company), Forms 3,4 and
5 in accordance with Section
16(a)of the Securities Exchange Act
of 1934, as amended (the Exchange Act)
and the rules thereunder;
(2) do and perform any and all
acts for and on behalf of the
undersigned that may be necessary
or desirable to complete and execute
such Form 3, 4 or 5,complete and execute
any amendment or amendments thereto, and
timely file such forms or amendments with
the United States Securities and Exchange
Commission and any stock exchange or similar
authority; and (3) take any other action of
any nature whatsoever in connection with
the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit, in the best
interest of, or legally required by, the
undersigned, it being understood that the
documents executed by such attorney-in-fact
on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and
shall contain such terms and conditions
as such attorney-in-fact may approve in
such attorney-in-facts discretion.
The undersigned hereby grants to each
such attorney-in-fact full power and
authority to do and perform any and
every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise
of any of the rights and powers herein granted,
as fully to all intents and purposes as the
undersigned might or could do if personally
present, with full power of substitution
or revocation, hereby ratifying and
confirming all that such attorney-in-fact,
or such attorney-in-facts substitute or
substitutes, shall lawfully do or cause to be done
by virtue of this power of attorney and
the rights and powers herein granted.
The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such
capacity at the request of the undersigned,
are not assuming, nor is the Company assuming,
any of the undersigneds responsibilities to
comply with Section 16 of the Exchange Act.
This Power of Attorney shall remain in full
force and effect until the earliest to occur of
(a) the undersigned is no longer required to
file Forms 3, 4 and 5 with respect to the
undersigneds holdings of and transactions
in securities issued by the Company,
(b) revocation by the undersigned in a
signed writing delivered to the foregoing
attorneys-in-fact or (c) as to any
attorney-in-fact individually, until
such attorney-in-fact shall no longer
be employed by the Company.
IN WITNESS WHEREOF, the undersigned has
cause this Power of Attorney to be executed as
of this 28 day of September 2016.
/s/ William J. Ready
SIGNATURE OF SECTION 16 INSIDER
William J. Ready
PRINT NAME