AI assistant
PayPal Holdings, Inc. — Director's Dealing 2018
Feb 20, 2018
29953_dirs_2018-02-20_1e8f48fd-2fae-4d4a-9b2e-1983434fa6e7.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PayPal Holdings, Inc. (PYPL)
CIK: 0001633917
Period of Report: 2018-02-15
Reporting Person: Anderson Aaron (VP, Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-15 | Common Stock | A | 5948 | $0.0 | Acquired | 17561 | Direct |
| 2018-02-15 | Common Stock | F | 2105 | $78.295 | Disposed | 15456 | Direct |
| 2018-02-16 | Common Stock | S | 3843 | $77.9792 | Disposed | 11613 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units -1 | $ | Common Stock (1963) | 1963 | Direct | |
| Restricted Stock Units -2 | $ | Common Stock (3533) | 3533 | Direct | |
| Restricted Stock Units -3 | $ | Common Stock (7204) | 7204 | Direct | |
| Restricted Stock Units -4 | $ | Common Stock (4034) | 4034 | Direct | |
| Restricted Stock Units -5 | $ | Common Stock (3777) | 3777 | Direct | |
| Restricted Stock Units -6 | $ | Common Stock (9098) | 9098 | Direct |
Footnotes
F1: AIP share footnote: The reporting person earned 5,948 shares in respect of performance-based restricted stock unit units (PBRSUs) based on the company's achievement of certain performance targets for the 2017 performance period, which were vested as shares of common stock on 2/15/18.
F2: Tax withholding footnote: Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of 5,948 shares of common stock underlying PBRSUs on 2/15/18 (see footnote 1).
F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4: Represents the weighted average price of shares sold at prices that ranged from $77.62 to $78.26.
F5: 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.
F6: Not applicable.
F7: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F8: 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.