Initial Statement of Beneficial Ownership (3)
04 August 2020 - 7:52AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Karbowski Jeffrey William |
2. Date of Event Requiring Statement (MM/DD/YYYY)
7/31/2020
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3. Issuer Name and Ticker or Trading Symbol
PayPal Holdings, Inc. [PYPL]
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(Last)
(First)
(Middle)
C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) VP, Chief Accounting Officer / |
(Street)
SAN JOSE, CA 95131
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 5102 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units -1 | (1) | (2) | Common Stock | 390 | (3) | D | |
Restricted Stock Units -2 | (1) | (2) | Common Stock | 1257 | (3) | D | |
Restricted Stock Units -3 | (1) | (2) | Common Stock | 2255 | (3) | D | |
Restricted Stock Units -4 | (1) | (2) | Common Stock | 1074 | (3) | D | |
Restricted Stock Units -5 | (1) | (2) | Common Stock | 3664 | (3) | D | |
Restricted Stock Units -6 | (1) | (2) | Common Stock | 3203 | (3) | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Not applicable. |
(3) | Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Karbowski Jeffrey William C/O PAYPAL HOLDINGS, INC. 2211 NORTH FIRST STREET SAN JOSE, CA 95131 |
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| VP, Chief Accounting Officer |
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Signatures
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By: Jacqueline Katzel For: Jeffrey Karbowski | | 8/3/2020 |
**Signature of Reporting Person | Date |
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