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Filing Details

Accession Number:: 0001591698-23-000132
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-17 16:31:29
Reporting Period:: 2023-08-15

Accepted Time:: 2023-08-17 16:31:29
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

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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	2023-08-15	29,491	$0.00	132,159	No	4	A	Direct
Common Stock, Par Value $0.001	Disposition	2023-08-15	3,613	$200.62	128,546	No	4	F	Direct
Common Stock, Par Value $0.001	Disposition	2023-08-15	4,927	$196.77	123,619	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2023-08-15	2,636	$197.62	120,983	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2023-08-15	437	$198.89	120,546	No	4	S	Direct
Common Stock, Par Value $0.001	Disposition	2023-08-16	1,586	$194.81	118,960	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	F	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	2023-08-15	29,491	$0.00	29,491	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
29,491	2026-09-01		No	4	A	Direct

Footnotes

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.
The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on February 16, 2023.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $196.17 to $197.17, 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 3, 4 and 5 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 $197.22 to $198.05, inclusive.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $198.44 to $199.30, 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, 2026. 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.
Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.