Sec Form 4 Filing - Ready William J @ PayPal Holdings, Inc. - 2017-04-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Ready William J
2. Issuer Name and Ticker or Trading Symbol
PayPal Holdings, Inc. [ PYPL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Chief Operating Officer
(Last) (First) (Middle)
C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/15/2017
(Street)
SAN JOSE, CA95131
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/15/2017 M 25,092 A $ 0 169,488 D
Common Stock 04/15/2017 M 5,340 A $ 0 174,828 D
Common Stock 04/15/2017 F 15,881 ( 1 ) D $ 42.55 158,947 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units -3 ( 2 ) 04/15/2017 M 25,092 ( 3 ) ( 4 ) Common Stock 25,092 $ 0 225,838 D
Restricted Stock Units -4 ( 2 ) 04/15/2017 M 5,340 ( 3 ) ( 4 ) Common Stock 5,340 $ 0 48,057 D
Non-Qualified Stock Option (right to buy) $ 35.88 ( 5 ) 04/01/2022 Common Stock 32,275 32,275 D
Restricted Stock Units -5 ( 2 ) ( 6 ) ( 4 ) Common Stock 8,068 8,068 D
Restricted Stock Units -6 ( 2 ) ( 7 ) ( 4 ) Common Stock 37,768 37,768 D
Restricted Stock Units -7 ( 2 ) ( 7 ) ( 4 ) Common Stock 97,035 97,035 D
Restricted Stock Units -8 ( 2 ) ( 8 ) ( 4 ) Common Stock 388,140 388,140 D
Restricted Stock Units -9 ( 2 ) ( 9 ) ( 4 ) Common Stock 13,986 13,986 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ready William J
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE, CA95131
EVP, Chief Operating Officer
Signatures
By: Brian Yamasaki For: William J. Ready 04/18/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of 30,432 shares of restricted stock units granted to the Reporting Person on January 15, 2014.
( 2 )Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
( 3 )The reporting person received restricted stock units subject to a four-year vesting schedule, vesting 20% on the second year anniversary date of the restricted stock unit and 3.33% monthly 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.
( 4 )Not applicable.
( 5 )The option grant is subject to a four-year vesting schedule, vesting 12.5% on the 6 month anniversary of the grant and 1/48th per month thereafter.
( 6 )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.
( 7 )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.
( 8 )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 quarterly 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.
( 9 )The reporting person earned a total of 27,972 shares in respect of performance-based restricted stock units (PBRSUs) for the 2015-2016 performance period, which were granted to the reporting person as restricted stock units on 3/1/17. Amount represents 50% of the shar es subject to such restricted stock units which vested on 3/1/17 (date of grant).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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