Filing Details

Accession Number:
0001591698-22-000157
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2022-08-26 16:12:26
Reporting Period:
2022-08-15
Accepted Time:
2022-08-26 16:12:26
Original Submission Date:
2022-08-17
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
President And Co-Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Acquisiton 2022-08-15 30,079 $0.00 141,416 No 4 A Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 15,610 $264.94 125,806 No 4 F Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 710 $265.61 125,096 No 4 S Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 900 $266.71 124,196 No 4 S Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 1,312 $267.77 122,884 No 4 S Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 3,478 $268.78 119,406 No 4 S Direct
Common Stock, Par Value $0.001 Disposition 2022-08-15 1,600 $269.68 117,806 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.001 Market Stock Units Acquisiton 2022-08-15 30,079 $0.00 30,079 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
30,079 2025-09-01 No 4 A Direct
Footnotes
  1. 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 over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
  2. This amendment is being filed to correct the amount of shares reported in the Form 4 filed on August 17, 2022 with respect to the tax withholding of shares upon the vesting of restricted stock units and to correct the total amount of securities beneficially owned following the reported transactions.
  3. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on March 16, 2022.
  4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $265.12 to $266.07, 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, 7 and 8 of this Form 4.
  5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $266.14 to $267.07, inclusive.
  6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $267.17 to $268.14, inclusive.
  7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $268.22 to $269.21, inclusive.
  8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $269.23 to $270.07, inclusive.
  9. 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, 2025. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
  10. Represents the vesting and release date for these awards.
  11. Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.