0001633917-17-000058.txt : 20170404
0001633917-17-000058.hdr.sgml : 20170404
20170404190844
ACCESSION NUMBER: 0001633917-17-000058
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170401
FILED AS OF DATE: 20170404
DATE AS OF CHANGE: 20170404
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: 17740493
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
2017-04-01
0
0001633917
PayPal Holdings, Inc.
PYPL
0001644073
Marino Gary J
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
0
1
0
0
EVP, Chief Commercial Officer
Common Stock
2017-04-01
4
M
0
2256
0.0
A
39405
D
Common Stock
2017-04-01
4
M
0
2052
0.0
A
41457
D
Common Stock
2017-04-01
4
M
0
2018
0.0
A
43475
D
Common Stock
2017-04-01
4
M
0
4035
0.0
A
47510
D
Common Stock
2017-04-01
4
M
0
12591
0.0
A
60101
D
Common Stock
2017-04-01
4
F
0
11144
43.02
D
48957
D
Common Stock
2017-04-03
4
M
0
377
34.99
A
49334
D
Common Stock
2017-04-03
4
S
0
377
43.2
D
48957
D
Common Stock
2017-04-03
4
M
0
342
35.2
A
49299
D
Common Stock
2017-04-03
4
S
0
342
43.2
D
48957
D
Common Stock
2017-04-03
4
M
0
336
35.88
A
49293
D
Common Stock
2017-04-03
4
S
0
336
43.2
D
48957
D
Common Stock
2017-04-03
4
M
0
672
35.88
A
49629
D
Common Stock
2017-04-03
4
S
0
672
43.2
D
48957
D
Common Stock
2017-04-04
4
S
0
11808
42.4258
D
37149
D
Non-Qualified Stock Option (right to buy)
34.99
2017-04-03
4
M
0
377
0.0
D
2020-04-01
Common Stock
377
0
D
Non-Qualified Stock Option (right to buy)
35.2
2017-04-03
4
M
0
342
0.0
D
2021-04-01
Common Stock
342
4106
D
Non-Qualified Stock Option (right to buy)
35.88
2017-04-03
4
M
0
336
0.0
D
2022-04-01
Common Stock
336
24880
D
Non-Qualified Stock Option (right to buy)
35.88
2017-04-03
4
M
0
672
0.0
D
2022-04-01
Common Stock
672
24208
D
Restricted Stock Units -1
2017-04-01
4
M
0
2256
0.0
D
Common Stock
2256
0
D
Restricted Stock Units -2
2017-04-01
4
M
0
2052
0.0
D
Common Stock
2052
2052
D
Restricted Stock Units -3
2017-04-01
4
M
0
2018
0.0
D
Common Stock
2018
4034
D
Restricted Stock Units -4
2017-04-01
4
M
0
4035
0.0
D
Common Stock
4035
8068
D
Restricted Stock Units -5
2017-04-01
4
M
0
12591
0.0
D
Common Stock
12591
25179
D
Restricted Stock Units -6
Common Stock
72777
72777
D
Restricted Stock Units -7
Common Stock
6993
6993
D
Restricted Stock Units -8
Common Stock
13986
13986
D
Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of (a) 2,256 shares of restricted stock granted to the Reporting Person on 04/01/13, (b) 2,052 shares of restricted stock granted to the Reporting Person on 04/01/14, (c) 2,018 shares of restricted stock granted to the Reporting Person on 04/01/15, (d) 4,035 shares of restricted stock granted to the Reporting Person on 04/01/15, and (e) 12,591 shares of restricted stock granted to the Reporting Person on 04/01/16.
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 $42.27 to $42.54.
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.
Total represents an aggregate amount of 24,208 shares beneficially held after both exercises are reflected.
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 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.
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 41,959 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.
By: Brian Yamasaki For: Gary J. Marino
2017-04-04