PAYPAL HLDGS INC

Ticker: PYPL CUSIP: 70450Y103 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 7,016 Value ($000) $256 Avg Close $38.14 Range $33.92 - $41.39

Q1 2016

Shares 7,004 Value ($000) $270 Avg Close $36.05 Range $30.45 - $41.65

Q4 2015

Shares 7,201 Value ($000) $261 Avg Close $35.20 Range $30.68 - $38.43

Q3 2015

Shares 7,376 Value ($000) $229 Avg Close $35.85 Range $29.93 - $42.45

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	7,016	$256	$38.14	$33.92 - $41.39
Q1 2016	7,004	$270	$36.05	$30.45 - $41.65
Q4 2015	7,201	$261	$35.20	$30.68 - $38.43
Q3 2015	7,376	$229	$35.85	$29.93 - $42.45