Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Axelrod Elizabeth L
  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)
SVP, Human Resources
(Last)
(First)
(Middle)
C/O EBAY INC., 2145 HAMILTON AVE
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2011
(Street)

SAN JOSE, CA 95125
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 03/01/2011   M   96,291 A $ 0 190,795 D  
Common Stock 03/01/2011   A   13,331 (1) A $ 0 204,126 D  
Common Stock 03/01/2011   F   46,395 (2) D $ 32.29 157,731 D  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 32.29 03/01/2011   A   75,000     (3) 03/01/2018 Common Stock 75,000 $ 0 75,000 D  
Restricted Stock Units -1 (4) 03/01/2011   M     15,000   (5)   (6) Common Stock 15,000 $ 0 20,000 D  
Restricted Stock Units -2 (4) 03/01/2011   M     46,666   (7)   (6) Common Stock 46,666 $ 0 0 D  
Restricted Stock Units -3 (4) 03/01/2011   M     25,250   (8)   (6) Common Stock 25,250 $ 0 50,500 D  
Restricted Stock Units -4 (4) 03/01/2011   M     9,375   (9)   (6) Common Stock 9,375 $ 0 28,125 D  
Restricted Stock Units -5 (4) 03/01/2011   A   18,750     (10)   (6) Common Stock 18,750 $ 0 18,750 D  
Non-Qualified Stock Option (right to buy) $ 10.5               (11) 03/02/2016 Common Stock 91,250   91,250 D  
Non-Qualified Stock Option (right to buy) $ 23.88               (12) 03/01/2017 Common Stock 150,000   150,000 D  
Non-Qualified Stock Option (right to buy) $ 25.85               (13) 03/03/2015 Common Stock 91,250   91,250 D  
Non-Qualified Stock Option (right to buy) $ 31.93               (14) 03/01/2014 Common Stock 148,800   148,800 D  
Non-Qualified Stock Option (right to buy) $ 35.16               (15) 04/08/2015 Common Stock 700,000   700,000 D  
Non-Qualified Stock Option (right to buy) $ 39.9               (16) 03/01/2013 Common Stock 120,000   120,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Axelrod Elizabeth L
C/O EBAY INC.
2145 HAMILTON AVE
SAN JOSE, CA 95125
      SVP, Human Resources  

Signatures

 By: Brian Levey For: Elizabeth L. Axelrod   03/03/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The reporting person was granted 13,331 shares of common stock as a result of the company's achievement of certain performance criteria for 2009/2010 (the award was originally allocated to the reporting person as performance-based restricted stock units). 50% of the shares vested on the date of grant and the remainder will vest on 3/1/12.
(2) Represents shares reacquired to satisfy tax withholding obligations in connection with the vesting of (a) 15,000 shares of restricted stock granted to the Reporting Person on 3/1/07 (b) 46,666 shares of restricted stock granted to the Reporting Person on 9/2/08 (c) 25,250 shares of restricted stock granted to the Reporting Person on 3/2/09 (d) 9,375 shares of restricted stock granted to the Reporting Person on 3/1/10 and (e) 6,666 shares of restricted stock granted to the Reporting Person on 3/1/2011 (see footnote 1).
(3) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/11 and 1/48th per month thereafter.
(4) Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
(5) The reporting person received restricted stock units of 50,000 shares subject to a five-year vesting schedule, vesting 30% on 3/1/10, vesting an incremental 30% on 3/1/11 and vesting the remaining 40% on 3/1/12.
(6) Not Applicable.
(7) The reporting person received restricted stock units of 140,000 shares subject to a three-year vesting schedule, vesting 1/3 on 3/1/09 and 1/3 annually thereafter.
(8) The reporting person received 101,000 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.
(9) The reporting person received 37,500 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/11 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.
(10) The reporting person received 18,750 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/12 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.
(11) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/09 and 1/48th per month thereafter.
(12) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/10 and 1/48th per month thereafter.
(13) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/08 and 1/48th per month thereafter.
(14) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/07 and 1/48th per month thereafter.
(15) The option grant is subject to a four-year vesting schedule, vesting 25% on 3/31/06 and 1/48th per month thereafter.
(16) The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/06 and 1/48th per month thereafter.
 
Remarks:
In addition to the equity grants described above, the compensation committee has approved additional performance-based restricted stock units for the reporting person, which are contingent upon the attainment of certain performance criteria over a two-year period (2011-2012).  If the performance criteria are achieved, the reporting person will be granted shares of eBay common stock in March 2013, which will be 50% vested on the date of the grant.  The remainder of the shares will vest in March 2014 (assuming eligibility requirements have been met).  In addition, Table I, Column 5, includes 1,666 shares acquired under eBay's Employee Stock Purchase Plan on April 30, 2010.

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