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Filing Details

Accession Number:: 0001562180-21-005404
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-18 16:13:25
Reporting Period:: 2021-08-16

Accepted Time:: 2021-08-18 16:13:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591698	Paylocity Holding Corp	PCTY	Services-Prepackaged Software (7372)	464066644

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1716436	J. Toby Williams	C/O 1400 American Lane Schaumburg IL 60173	Chief Financial Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.001	Acquisiton	2021-08-16	14,413	$0.00	113,352	No	4	A	Direct
Common Stock, Par Value $0.001	Acquisiton	2021-08-16	13,144	$0.00	126,496	No	4	A	Direct
Common Stock, Par Value $0.001	Disposition	2021-08-16	8,513	$250.57	117,983	No	4	F	Direct
Common Stock, Par Value $0.001	Disposition	2021-08-16	839	$246.34	117,144	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2021-08-16	923	$247.48	116,221	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2021-08-16	1,102	$248.66	115,119	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2021-08-16	1,136	$249.65	113,983	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.001	Market Stock Units	Acquisiton	2021-08-16	5,633	$0.00	5,633	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,633	2024-09-01		No	4	A	Direct

Footnotes

Represents performance-based restricted stock units (PRSUs) awarded pursuant to the Issuer's 2014 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PRSU upon vesting. The PRSUs vest on August 15, 2022, subject to continued service through the vesting date. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest annually in four equal installments beginning on August 16, 2022. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 22, 2021.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $245.97 to $246.90, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4, 5, 6 and 7 of this Form 4.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $247.14 to $248.08, inclusive.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $248.20 to $249.20, inclusive.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $249.24 to $250.23, inclusive.
Reflects the grant of a target number of market stock units (MSUs) subject to the award as presented in the table which will entitle Reporting Person to receive one (1) share of Common Stock per MSU. The number of MSUs that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the Issuer of certain total shareholder return objectives, the awarded units will vest on September 1, 2024. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
Represents the vesting and release date for these awards.