Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
PayPal Holdings, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
70450Y103
(CUSIP Number)
December 31, 2017
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 70450Y103
| 1 | NAMES OF REPORTING PERSONS
Pierre M. Omidyar | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
USA | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
58,447,858 (1) | ||||
| 6 | SHARED VOTING POWER
-0- | |||||
| 7 | SOLE DISPOSITIVE POWER
58,447,858 (1) | |||||
| 8 | SHARED DISPOSITIVE POWER
-0- | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,447,858 (1) | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐
| |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9% | |||||
| 12 | TYPE OF REPORTING PERSON*
IN | |||||
| (1) | Does not include 70,000 shares held of record by Pamela K. Omidyar, Mr. Omidyar’s spouse, as to which he has neither voting nor dispositive power. |
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| Item 1. |
| (a) | Name of Issuer: PayPal Holdings, Inc. |
| (b) | Address of Issuer’s Principal Executive Offices: |
2211 North First Street
San Jose, CA 95131
| Item 2. |
| (a) | Name of Person Filing: |
Pierre M. Omidyar
| (b) | Address of Principal Business Office or, if none, Residence |
2211 North First Street
San Jose, CA 95131
| (c) | Citizenship: |
Pierre M. Omidyar USA
| (d) | Title of Class of Securities: Common Stock |
| (e) | CUSIP Number: 70450Y103 |
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: |
Not applicable
| Item 4. | Ownership |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount Beneficially Owned: |
Pierre M. Omidyar 58,447,858 (1)
| (b) | Percent of Class: |
Pierre M. Omidyar 4.9%
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
Pierre M. Omidyar 58,447,858 (1)
| (ii) | Shared power to vote or to direct the vote: |
-0-
| (iii) | Sole power to dispose or to direct the disposition of: |
Pierre M. Omidyar 58,447,858 (1)
| (iv) | Shared power to dispose or to direct the disposition of: |
-0-
| (1) | Does not include 70,000 shares held by Pamela Omidyar, Mr. Omidyar’s spouse, as to which he has neither voting nor dispositive power. |
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| Item 5. | Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☑.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group |
Not applicable.
| Item 9. | Notice of Dissolution of a Group |
Not applicable.
| Item 10. | Certification |
Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| February 12, 2018 |
| Date |
| /s/ Pierre M. Omidyar |
| Signature |
| Pierre M. Omidyar |
| Name/Title |
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