Form 4 EBAY INC For: Sep 11 Filed by: DEPAUL PHILLIP P (10K)

FORM 4

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DEPAUL PHILLIP P

(Last)

(First)

(Middle)

C/O EBAY INC., 2145 HAMILTON AVE

(Street)

SAN JOSE

95125

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EBAY INC [EBAY]

5. 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

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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								4,561	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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 30

09/11/2009

49,000

⁽¹⁾

05/09/2018

Common Stock

49,000

⁽²⁾

Restricted Stock Units -3

⁽³⁾

09/11/2009

8,166

⁽⁴⁾

⁽⁵⁾

Common Stock

8,166

$ 0

8,166

Non-Qualified Stock Option (right to buy)

$ 10.5

⁽⁶⁾

03/01/2016

Common Stock

24,500

Restricted Stock Units -1

⁽³⁾

⁽⁷⁾

⁽⁵⁾

Common Stock

18,375

Restricted Stock Units -2

⁽³⁾

⁽⁸⁾

⁽⁵⁾

Common Stock

79,150

Explanation of Responses:
1. Options become exercisable as to 25% on the one year anniversary date of the grant and 1/48th monthly thereafter.
2. On September 11, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 9, 2008. In exchange for the option, the reporting person received 8,166 restricted stock units. See also footnotes 4 and 8.
3. Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
4. Upon surrender of the option reference in footnote 3, the reporting person received 8,166 restricted stock units subject to a four-year vesting schedule, vesting 25% on 9/11/10 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.
5. Not Applicable.
6. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/09 and 1/48th per month thereafter.
7. The reporting person received restricted stock units of 24,500 shares subject to a four-year vesting schedule, vesting 25% on 05/09/09 and 25% annually thereafter.
8. The reporting person received 79,150 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/10 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.
Remarks: Mr. DePaul is not a named executive officer of the issuer, and as a result, was eligible to participate in the issuer's option exchange program.

	Phillip Patrick DePaul	09/15/2009
	** 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 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).
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 Number.

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