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PayPal Holdings, Inc. — Director's Dealing 2017
Mar 4, 2017
29953_dirs_2017-03-03_6dc31c68-a939-46a0-9bbc-b9dbf6e1ee2d.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: 2017-03-01
Reporting Person: Rainey John D (EVP, Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-01 | Restricted Stock Units -4 | $ | A | 60647 | Acquired | Common Stock (60647) | Direct | |
| 2017-03-01 | Restricted Stock Units -5 | $ | A | 75738 | Acquired | Common Stock (75738) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 28831 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $33.8 | 2022-09-15 | Common Stock (87390) | 87390 | Direct |
| Restricted Stock Units -1 | $ | Common Stock (32771) | 32771 | Direct | |
| Restricted Stock Units -2 | $ | Common Stock (87389) | 87389 | Direct | |
| Restricted Stock Units -3 | $ | Common Stock (50359) | 50359 | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F2: 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.
F3: Not applicable.
F4: The reporting person earned a total of 75,738 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. 100% of the shares subject to such restricted stock units will vest on the first anniversary of the date of grant.
F5: Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
F6: 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.