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PayPal Holdings, Inc. — Director's Dealing 2016
Mar 4, 2016
29953_dirs_2016-03-03_ad9bd5d9-0be8-4f08-b292-13b3e00700a1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PayPal Holdings, Inc. (PYPL)
CIK: 0001633917
Period of Report: 2016-03-01
Reporting Person: Marino Gary J (SVP, Americas & Credit Product)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-01 | Common Stock | M | 3234.0 | $0.0 | Acquired | 3234 | Direct |
| 2016-03-01 | Common Stock | A | 13960.0 | $0.0 | Acquired | 17194 | Direct |
| 2016-03-01 | Common Stock | F | 1098.0 | $39.25 | Disposed | 16096 | Direct |
| 2016-03-01 | Common Stock | F | 2370.0 | $39.25 | Disposed | 13726 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-01 | Restricted Stock Units -4 | $ | M | 3234.0 | Disposed | Common Stock (3234) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $0.0 | 2017-03-01 | Common Stock (63694) | 63694 | Direct |
| Non-Qualified Stock Option (right to buy) | $0.0 | 2018-03-01 | Common Stock (47770) | 47770 | Direct |
| Non-Qualified Stock Option (right to buy) | $0.0 | 2019-04-02 | Common Stock (24044) | 24044 | Direct |
| Non-Qualified Stock Option (right to buy) | $0.0 | 2020-04-01 | Common Stock (18051) | 18051 | Direct |
| Non-Qualified Stock Option (right to buy) | $0.0 | 2021-04-01 | Common Stock (16423) | 16423 | Direct |
| Non-Qualified Stock Option (right to buy) | $0.0 | 2022-04-01 | Common Stock (48413) | 48413 | Direct |
| Restricted Stock Units -1 | $ | Common Stock (3004) | 3004 | Direct | |
| Restricted Stock Units -2 | $ | Common Stock (4512) | 4512 | Direct | |
| Restricted Stock Units -3 | $ | Common Stock (6157) | 6157 | Direct | |
| Restricted Stock Units -5 | $ | Common Stock (8070) | 8070 | Direct | |
| Restricted Stock Units -6 | $ | Common Stock (16138) | 16138 | Direct |
Footnotes
F1: The reporting person was granted 13,960 shares of common stock as a result of the company's achievement of certain performance criteria for 2014/2015 (the award was originally allocated to the reporting person as performance-based restricted stock units). 50% of the shares vested on the date of grant and the remainder will vest on 3/1/17.
F2: Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of (a) 3,234 shares of restricted stock granted to the Reporting Person on 3/2/15 as a result of the company's achievement of certain performance criteria for 2013/2014 (the award was originally allocated to the reporting person as performance-based restricted stock units) and (b) 6,980 shares of restricted stock granted to the Reporting Person on 3/1/16 (see footnote 1).
F3: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F4: 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.
F5: Not applicable.
F6: 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.