Form Type: 4

SEC EDGAR Link
Accession Number:0001633917-19-000194
Date:2019-08-26
Issuer: PAYPAL HOLDINGS, INC. (PYPL)
Original Submission Date:

Reporting Person:

RAINEY JOHN D
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 2019-08-26 M 7,283 a $33.80 115,128 direct
COMMON STOCK 2019-08-26 S 7,283 d $107.23 107,845 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) 33.8 2019-08-26 deemed execution date M 7,283 (d) 2022-09-15 common stock 7,283 $33.80 0 direct
RESTRICTED STOCK UNITS -1 0.0 deemed execution date 0 ( ) common stock 10,923 $0.00 10,923 direct
RESTRICTED STOCK UNITS -4 0.0 deemed execution date 0 ( ) common stock 20,215 $0.00 20,215 direct
RESTRICTED STOCK UNITS -6 0.0 deemed execution date 0 ( ) common stock 33,532 $0.00 33,532 direct
RESTRICTED STOCK UNITS -7 0.0 deemed execution date 0 ( ) common stock 48,339 $0.00 48,339 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 $107.01 to $107.23.
f3 options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
f4 the reporting person received restricted stock units subject to a four-year vesting schedule, vesting 25% on the one year anniversary date of the restricted stock unit 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.
f5 not applicable.
f6 each restricted stock unit represents a contingent right to receive one share of paypal's common stock.
f7 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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