0001633917-18-000086.txt : 20180402
0001633917-18-000086.hdr.sgml : 20180402
20180402180354
ACCESSION NUMBER: 0001633917-18-000086
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180329
FILED AS OF DATE: 20180402
DATE AS OF CHANGE: 20180402
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: 001-36859
FILM NUMBER: 18730637
MAIL ADDRESS:
STREET 1: SYMANTEC CORPORATION
STREET 2: 20330 STEVENS CREEK BLVD.
CITY: CUPERTINO
STATE: CA
ZIP: 95014
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PayPal Holdings, Inc.
CENTRAL INDEX KEY: 0001633917
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 492989869
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
BUSINESS PHONE: (408) 967-7400
MAIL ADDRESS:
STREET 1: 2211 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95131
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2018-03-29
0
0001633917
PayPal Holdings, Inc.
PYPL
0001215315
SCHULMAN DANIEL H
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE
CA
95131
1
1
0
0
President and CEO
Common Stock
2018-03-29
4
S
0
3316
75.1849
D
346300
D
Common Stock
2018-03-29
4
S
0
5884
76.0033
D
340416
D
Common Stock
2018-03-29
4
S
0
1800
76.8959
D
338616
D
Common Stock
2018-03-29
4
M
0
15000
31.56
A
353616
D
Common Stock
2018-03-29
4
S
0
4400
75.1811
D
349216
D
Common Stock
2018-03-29
4
S
0
8100
75.986
D
341116
D
Common Stock
2018-03-29
4
S
0
2500
76.8874
D
338616
D
Common Stock
2018-04-01
4
M
0
18154
0.0
A
356770
D
Common Stock
2018-04-01
4
M
0
54555
0.0
A
411325
D
Common Stock
2018-04-01
4
F
0
36028
75.87
D
375297
D
Non-Qualified Stock Option (right to buy)
31.56
2018-03-29
4
M
0
15000
0.0
D
2021-10-15
Common Stock
15000
131764
D
Performance Stock Units
2018-04-01
4
A
0
379110
0.0
A
2023-04-01
Common Stock
379110
379110
D
Restricted Stock Units -3
2018-04-01
4
M
0
18154
0.0
D
Common Stock
18154
18154
D
Restricted Stock Units -5
2018-04-01
4
M
0
54555
0.0
D
Common Stock
54555
54555
D
Non-Qualified Stock Option (right to buy)
35.88
2022-04-01
Common Stock
145234
145234
D
Non-Qualified Stock Option (right to buy)
41.64
2022-07-17
Common Stock
30485
30485
D
Restricted Stock Units -1
Common Stock
33701
33701
D
Restricted Stock Units -4
Common Stock
7621
7621
D
Restricted Stock Units -6
Common Stock
121292
121292
D
Restricted Stock Units -9
Common Stock
113173
113173
D
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
Represents the weighted average price of shares sold at prices that ranged from $74.56 to $75.56.
Represents the weighted average price of shares sold at prices that ranged from $75.57 to $76.55.
Represents the weighted average price of shares sold at prices that ranged from $76.5850 to $77.17.
Represents the weighted average price of shares sold at prices that ranged from $74.56 to $75.56.
Represents the weighted average price of shares sold at prices that ranged from $75.5850 to $76.5850.
Represents the weighted average price of shares sold at prices that ranged from $76.59 to $77.16.
Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter.
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 (the date on which the $105 or $125 closing price per share target is achieved is referred to as an "earned date" for the applicable performance stock units). If earned, the performance stock units will vest ratably on the third, fourth and fifth anniversaries of the grant date; provided, however, that if the earned date(s) is after the third anniversary of the grant date but before the fourth anniversary, the performance stock units will vest ratably on t
Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 4/1/16 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.
Not applicable.
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.
The option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
The option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 10/15/15 and 25% each 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.
The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on 07/17/16 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.
By: Brian Yamasaki For: Daniel H. Schulman
2018-04-02