0001633917-19-000184.txt : 20190731 0001633917-19-000184.hdr.sgml : 20190731 20190731173244 ACCESSION NUMBER: 0001633917-19-000184 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190726 FILED AS OF DATE: 20190731 DATE AS OF CHANGE: 20190731 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: 19989908 MAIL ADDRESS: STREET 1: C/O PAYPAL HOLDINGS, INC. STREET 2: 2211 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95131 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 2019-07-26 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 2019-07-26 4 G 0 8669 0.0 D 487074 D Common Stock 2019-07-29 4 M 0 15000 35.88 A 502074 D Common Stock 2019-07-29 4 S 0 11500 111.7969 D 490574 D Common Stock 2019-07-29 4 S 0 3500 112.4718 D 487074 D Common Stock 2019-07-29 4 S 0 11800 111.8125 D 475274 D Common Stock 2019-07-29 4 S 0 3100 112.4834 D 472174 D Common Stock 2019-07-29 4 S 0 100 113.5 D 472074 D Non-Qualified Stock Option (right to buy) 35.88 2019-07-29 4 M 0 15000 0.0 D 2022-04-01 Common Stock 15000 55234 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 -10 Common Stock 112790 112790 D Restricted Stock Units -6 Common Stock 60646 60646 D Restricted Stock Units -9 Common Stock 75447 75447 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 $111.25 to $112.24. Represents the weighted average price of shares sold at prices that ranged from $112.25 to $113.20. Represents the weighted average price of shares sold at prices that ranged from $111.28 to $112.27. Represents the weighted average price of shares sold at prices that ranged from $112.28 to $113.24. 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 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. Not applicable. Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. By: Brian Yamasaki For: Daniel H Schulman 2019-07-30