0001065088-15-000196.txt : 20150721
0001065088-15-000196.hdr.sgml : 20150721
20150721205714
ACCESSION NUMBER: 0001065088-15-000196
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150717
FILED AS OF DATE: 20150721
DATE AS OF CHANGE: 20150721
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EBAY INC
CENTRAL INDEX KEY: 0001065088
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 770430924
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2065 HAMILTON AVENUE
CITY: SAN JOSE
STATE: CA
ZIP: 95125
BUSINESS PHONE: 408-376-7400
MAIL ADDRESS:
STREET 1: 2065 HAMILTON AVENUE
CITY: SAN JOSE
STATE: CA
ZIP: 95125
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHULMAN DANIEL H
CENTRAL INDEX KEY: 0001215315
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-24821
FILM NUMBER: 15998841
MAIL ADDRESS:
STREET 1: SYMANTEC CORPORATION
STREET 2: 20330 STEVENS CREEK BLVD.
CITY: CUPERTINO
STATE: CA
ZIP: 95014
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2015-07-17
1
0001065088
EBAY INC
EBAY
0001215315
SCHULMAN DANIEL H
C/O EBAY INC.
2065 HAMILTON AVE.
SAN JOSE
CA
95125
0
1
0
0
President, PayPal
Non-Qualified Stock Option (right to buy)
66.29
2015-07-17
4
A
0
19145.0
0.0
A
2022-07-17
Common Stock
19145
19145
D
Restricted Stock Units -5
2015-07-17
4
A
0
9573.0
0.0
A
Common Stock
9573
9573
D
The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter (See Remark below).
Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
The reporting person received 9,573 restricted stock units subject to a four-year vesting schedule, vesting 25% on 7/17/16 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. (See Remark below).
Not Applicable.
In addition to the equity grants described above, the compensation committee has approved additional performance-based restricted stock units for the reporting person, which are contingent upon the attainment of certain performance criteria over a two-year period (2015-2016). If the performance criteria are achieved, the reporting person will be granted shares of common stock in 2017, which will vest one year later in 2018 (assuming eligibility requirements have been met). Target awards were established in eBay common stock, converted in the manner described below. Pursuant to the Employee Matters Agreement between eBay Inc. ("eBay") and PayPal Holdings, Inc. ("PayPal") relating to the July 17, 2015 distribution (the "Distribution") by eBay to its stockholders of all of the outstanding shares of the common stock of PayPal, each of the equity awards held by the reporting person, including the equity awards reported on this Form 4, were converted to PayPal equity awards at the effective time of the Distribution.
Daniel H Schulman
2015-07-21