Initial Statement of Beneficial Ownership (3)
17 September 2022 - 8:45AM
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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OMB APPROVAL
OMB Number:
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
*
Scheibe Gabrielle |
2. Date of Event Requiring Statement (MM/DD/YYYY)
9/14/2022
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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)
See Remarks / |
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(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 | 8776 | 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 | 693 | (3) | D | |
| Restricted Stock Units - 2 | (1) | (2) | Common Stock | 1441 | (3) | D | |
| Restricted Stock Units - 3 | (1) | (2) | Common Stock | 7647 | (3) | D | |
| Restricted Stock Units - 4 | (1) | (2) | Common Stock | 2189 | (3) | D | |
| Restricted Stock Units - 5 | (1) | (2) | Common Stock | 666 | (3) | D | |
| Restricted Stock Units - 6 | (1) | (2) | Common Stock | 1789 | (3) | D | |
| Restricted Stock Units - 7 | (4) | (2) | Common Stock | 9208 | (3) | D | |
| Restricted Stock Units - 8 | (4) | (2) | Common Stock | 921 | (3) | D | |
| Restricted Stock Units - 9 | (4) | (2) | Common Stock | 18337 | (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. |
| (4) | The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. 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. |
Remarks:
Acting CFO, SVP Capital Markets, IR and Treasurer |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Scheibe Gabrielle
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE, CA 95131 |
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| See Remarks |
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Signatures
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| By: Brian Yamasaki For: Gabrielle Scheibe Rabinovitch | | 9/16/2022 |
| **Signature of Reporting Person | Date |
| 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 5(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). |
| Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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