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