PayPal Holdings, Inc. — Director's Dealing 2019

Dec 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PayPal Holdings, Inc. (PYPL)
CIK: 0001633917
Period of Report: 2019-12-05

Reporting Person: SCHULMAN DANIEL H (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-05	Common Stock	M	10719	$41.64	Acquired	407793	Direct
2019-12-05	Common Stock	S	10719	$104.73	Disposed	397074	Direct
2019-12-05	Common Stock	S	14900	$104.72	Disposed	382174	Direct
2019-12-05	Common Stock	S	100	$105.425	Disposed	382074	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-05	Non-Qualified Stock Option (right to buy)	$41.64	M	10719	Disposed	2022-07-17	Common Stock (10719)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Stock Units	$	2023-04-01	Common Stock (379110)	379110	Direct
Restricted Stock Units -10	$		Common Stock (112790)	112790	Direct
Restricted Stock Units -6	$		Common Stock (60646)	60646	Direct
Restricted Stock Units -9	$		Common Stock (75447)	75447	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 $104.365 to $105.355.

F3: Represents the weighted average price of shares sold at prices that ranged from $104.365 to $105.19.

F4: The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.

F5: Each performance stock unit represents a contingent right to receive one share of PayPal's common stock. One-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $105 or higher for 90 consecutive trading days during the five-year performance period. The other one-half of the performance stock units are earned upon PayPal common stock achieving an average closing price per share of $125 or higher for 90 consecutive trading days during the five-year performance period. If earned, the performance stock units will, subject to certain exceptions, vest ratably on the third, fourth and fifth anniversaries of the grant date. Any performance stock unit that has not been earned and vested as of the fifth anniversary of the grant date will be forfeited.

F6: 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.

F7: Not applicable.

F8: Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.