Form Type: 4

SEC EDGAR Link
Accession Number:0001633917-19-000041
Date:2019-02-04
Issuer: PAYPAL HOLDINGS, INC. (PYPL)
Original Submission Date:

Reporting Person:

SCHULMAN DANIEL H
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET SAN JOSE, CA 95131

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-02-04 M 15,000 a $35.88 304,826 direct
COMMON STOCK 2019-02-04 S 2,600 d $90.38 302,226 direct
COMMON STOCK 2019-02-04 S 7,900 d $91.58 294,326 direct
COMMON STOCK 2019-02-04 S 4,500 d $91.96 289,826 direct
COMMON STOCK 2019-02-04 S 2,516 d $90.38 287,310 direct
COMMON STOCK 2019-02-04 S 7,884 d $91.58 279,426 direct
COMMON STOCK 2019-02-04 S 4,600 d $91.96 274,826 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 35.88 2019-02-04 deemed execution date M 15,000 (d) 2022-04-01 common stock 15,000 $35.88 130,234 direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 41.64 deemed execution date 0 ( ) 2022-07-17 common stock 30,485 $41.64 30,485 direct
PERFORMANCE STOCK UNITS 0.0 deemed execution date 0 ( ) 2023-04-01 common stock 379,110 $0.00 379,110 direct
RESTRICTED STOCK UNITS -3 0.0 deemed execution date 0 ( ) common stock 18,154 $0.00 18,154 direct
RESTRICTED STOCK UNITS -4 0.0 deemed execution date 0 ( ) common stock 3,810 $0.00 3,810 direct
RESTRICTED STOCK UNITS -5 0.0 deemed execution date 0 ( ) common stock 54,555 $0.00 54,555 direct
RESTRICTED STOCK UNITS -6 0.0 deemed execution date 0 ( ) common stock 121,292 $0.00 121,292 direct
RESTRICTED STOCK UNITS -9 0.0 deemed execution date 0 ( ) common stock 113,173 $0.00 113,173 direct
Footnotes
IDfootnote
f1 the sales reported in this form 4 were effected pursuant to a rule 10b5-1 trading plan.
f2 represents the weighted average price of shares sold at prices that ranged from $89.89 to $90.85.
f3 represents the weighted average price of shares sold at prices that ranged from $90.89 to $91.88.
f4 represents the weighted average price of shares sold at prices that ranged from $91.89 to $92.08.
f5 represents the weighted average price of shares sold at prices that ranged from $89.89 to $90.83.
f6 represents the weighted average price of shares sold at prices that ranged from $90.89 to $91.885.
f7 represents the weighted average price of shares sold at prices that ranged from $91.89 to $92.08.
f8 the option grant is subject to a four-year vesting schedule, vesting 12.5% on 10/1/15 and 1/48th per month thereafter.
f9 the option grant is subject to a four-year vesting schedule, vesting 12.5% on 01/17/16 and 1/48th per month thereafter.
f10 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.
f11 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.
f12 not applicable.
f13 each restricted stock unit represents a contingent right to receive one share of paypal's common stock.
f14 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.
f15 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.
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