EBAY INC — Director's Dealing 2011

May 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EBAY INC (EBAY)
CIK: 0001065088
Period of Report: 2011-05-02

Reporting Person: JACOBSON MICHAEL R (SVP, Legal Affairs, GC & Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	M	70000	$14.5125	Acquired	464494	Direct
2011-05-02	Common Stock	S	70000	$33.9865	Disposed	394494	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Non-Qualified Stock Option (right to buy)	$14.5125	M	70000	Disposed	2012-02-12	Common Stock (70000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7914	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$10.5	2016-03-02	Common Stock (91250)	91250	Direct
Non-Qualified Stock Option (right to buy)	$19.3875	2013-03-03	Common Stock (500000)	500000	Direct
Non-Qualified Stock Option (right to buy)	$23.88	2017-03-01	Common Stock (100000)	100000	Direct
Non-Qualified Stock Option (right to buy)	$25.85	2015-03-03	Common Stock (91250)	91250	Direct
Non-Qualified Stock Option (right to buy)	$32.29	2018-03-01	Common Stock (85710)	85710	Direct
Restricted Stock Units -2	$		Common Stock (33000)	33000	Direct
Restricted Stock Units -4	$		Common Stock (4074)	4074	Direct
Restricted Stock Units -5	$		Common Stock (15259)	15259	Direct
Restricted Stock Units -6	$		Common Stock (18750)	18750	Direct
Restricted Stock Units -7	$		Common Stock (21430)	21430	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: Represents the weighted average price of shares sold at prices that ranged from $33.59 to $34.35.

F3: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 8/12/02 and 1/48th per month thereafter.

F4: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/09 and 1/48th per month thereafter.

F5: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/01/03 and 1/48th per month thereafter.

F6: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/10 and 1/48th per month thereafter.

F7: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/08 and 1/48th per month thereafter.

F8: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/11 and 1/48th per month thereafter.

F9: Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.

F10: The reporting person received 66,000 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/10 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.

F11: Not Applicable.

F12: The reporting person received 8,148 restricted stock units subject to a two-year vesting schedule, vesting 50% on 9/11/10 and 50% on 9/11/11. 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.

F13: The reporting person received 22,892 restricted stock units subject to a three-year vesting schedule, vesting 33.34% on 9/11/10, 33.33% on 9/11/11 and 33.33% on 9/11/12. 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.

F14: The reporting person received 25,000 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/11 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.

F15: The reporting person received 21,430 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/12 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.