0001633917-18-000227.txt : 20181130 0001633917-18-000227.hdr.sgml : 20181130 20181130171021 ACCESSION NUMBER: 0001633917-18-000227 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181128 FILED AS OF DATE: 20181130 DATE AS OF CHANGE: 20181130 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: 181211923 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) 967-1000 MAIL ADDRESS: STREET 1: 2211 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95131 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2018-11-28 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 2018-11-28 4 M 0 15000 31.56 A 326826 D Common Stock 2018-11-28 4 S 0 5688 82.4772 D 321138 D Common Stock 2018-11-28 4 S 0 1800 84.0002 D 319338 D Common Stock 2018-11-28 4 S 0 6300 84.8541 D 313038 D Common Stock 2018-11-28 4 S 0 1212 85.7412 D 311826 D Common Stock 2018-11-28 4 S 0 4200 82.4903 D 307626 D Common Stock 2018-11-28 4 S 0 1100 84.025 D 306526 D Common Stock 2018-11-28 4 S 0 4900 84.8344 D 301626 D Common Stock 2018-11-28 4 S 0 800 85.7944 D 300826 D Non-Qualified Stock Option (right to buy) 31.56 2018-11-28 2018-11-28 4 M 0 15000 0.0 D 2021-10-15 Common Stock 0 11764 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 Performance Stock Units 2023-04-01 Common Stock 379110 379110 D Restricted Stock Units -3 Common Stock 18154 18154 D Restricted Stock Units -4 Common Stock 3810 3810 D Restricted Stock Units -5 Common Stock 54555 54555 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 $82.00 to $82.89. Represents the weighted average price of shares sold at prices that ranged from $83.25 to $84.22. Represents the weighted average price of shares sold at prices that ranged from $84.27 to $85.25. Represents the weighted average price of shares sold at prices that ranged from $85.29 to $85.945. Represents the weighted average price of shares sold at prices that ranged from $82.00 to $82.96. Represents the weighted average price of shares sold at prices that ranged from $83.25 to $84.24. Represents the weighted average price of shares sold at prices that ranged from $84.30 to $85.24. Represents the weighted average price of shares sold at prices that ranged from $85.45 to $85.945. The option grant is subject to a four-year vesting schedule, vesting 25% on 9/30/15 and 1/48th per month thereafter. 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. 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. 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. 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 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. 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. By: Brian Yamasaki For: Daniel H. Schulman 2018-11-30