Chad R. Richison - 11 Sep 2021 Form 4 Insider Report for Paycom Software, Inc. (PAYC)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Chad R. Richison
Issuer symbol
PAYC
Transactions as of
11 Sep 2021
Net transactions value
-$16,980,942
Form type
4
Filing time
14 Sep 2021, 17:12:17 UTC
Previous filing
12 May 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAYC Common Stock Gift $0 -10,000 -0.2% $0.000000 4,868,177 19 May 2021 Direct F1
transaction PAYC Common Stock Gift $0 -10,000 -0.21% $0.000000 4,858,177 20 May 2021 Direct F1
transaction PAYC Common Stock Gift $0 -10,000 -0.21% $0.000000 4,848,177 25 May 2021 Direct F1
transaction PAYC Common Stock Gift $0 -75,000 -1.5% $0.000000 4,773,177 10 Aug 2021 Direct F1
transaction PAYC Common Stock Tax liability $16,980,942 -35,702 -0.75% $475.63 4,737,475 11 Sep 2021 Direct F2, F3
holding PAYC Common Stock 3,670,999 11 Sep 2021 By Ernest Group, Inc. F4
holding PAYC Common Stock 56 11 Sep 2021 By Abrie R. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 F5
holding PAYC Common Stock 90 11 Sep 2021 By Ava L. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 F6
holding PAYC Common Stock 90 11 Sep 2021 By Ian D. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,711,500 unvested shares of restricted stock.
F2 Represents shares of common stock of Paycom Software, Inc. (the "Issuer") withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 80,500 shares of restricted stock granted to the reporting person on January 30, 2020. No shares were issued or sold in this transaction.
F3 Includes 1,631,000 unvested shares of restricted stock.
F4 Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). The reporting person is the sole director of Ernest Group and Ernest Group is wholly owned by the reporting person and certain trusts for the reporting person's children, for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.
F5 Represents shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Abrie R. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Abrie R. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust.
F6 Represents shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Ava L. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Ava L. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust.
F7 Represents shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Ian D. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Ian D. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust.