0001633917-18-000053.txt : 20180301
0001633917-18-000053.hdr.sgml : 20180301
20180301161844
ACCESSION NUMBER: 0001633917-18-000053
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180227
FILED AS OF DATE: 20180301
DATE AS OF CHANGE: 20180301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pentland Adele Louise
CENTRAL INDEX KEY: 0001643724
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36859
FILM NUMBER: 18657571
MAIL ADDRESS:
STREET 1: C/O PAYPAL HOLDINGS, INC.
STREET 2: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
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
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2018-02-27
0
0001633917
PayPal Holdings, Inc.
PYPL
0001643724
Pentland Adele Louise
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
0
1
0
0
EVP, CHF Bus. Aff. & Legal OFC
Common Stock
2018-02-27
4
M
0
34637
0.0
A
87544
D
Common Stock
2018-02-27
4
S
0
31937
79.252
D
55607
D
Common Stock
2018-02-27
4
S
0
2700
79.7937
D
52907
D
Non-Qualified Stock Option (right to buy)
37.31
2018-02-27
4
M
0
34637
0.0
D
2022-05-15
Common Stock
34637
14262
D
Restricted Stock Units -1
Common Stock
12224
12224
D
Restricted Stock Units -2
Common Stock
54332
54332
D
Restricted Stock Units -3
Common Stock
33572
33572
D
Restricted Stock Units -4
Common Stock
60647
60647
D
Restricted Stock Units -5
Common Stock
21190
21190
D
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 $78.70 to $79.70.
Represents the weighted average price of shares sold at prices that ranged from $79.70 to $79.91.
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.
Not applicable.
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.
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 50% of the shares subject to such restricted stock units vesting on the first anniversary of the date of grant.
By: Brian Yamasaki For: A. Louise Pentland
2018-03-01