Steven R. Beauchamp - May 11, 2021 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role: Chief Executive Officer, Director
Signature: /s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Stock symbol: PCTY
Transactions as of: May 11, 2021
Transactions value $: -$11,002,032
Form type: 4
Date filed: 5/13/2021, 04:03 PM
Next filing: May 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCTY	Common Stock, par value $0.001	Options Exercise	$342K	+70K	+4.03%	$4.88	1.81M	May 11, 2021	Direct	F1
transaction	PCTY	Common Stock, par value $0.001	Tax liability	-$5.24M	-32.2K	-1.78%	$162.82	1.78M	May 11, 2021	Direct
transaction	PCTY	Common Stock, par value $0.001	Sale	-$361K	-2.3K	-0.13%	$156.88	1.77M	May 11, 2021	Direct	F1, F2
transaction	PCTY	Common Stock, par value $0.001	Sale	-$210K	-1.33K	-0.07%	$158.60	1.77M	May 11, 2021	Direct	F1, F3
transaction	PCTY	Common Stock, par value $0.001	Sale	-$866K	-5.42K	-0.31%	$159.63	1.77M	May 11, 2021	Direct	F1, F4
transaction	PCTY	Common Stock, par value $0.001	Sale	-$648K	-4.02K	-0.23%	$161.27	1.76M	May 11, 2021	Direct	F1, F5
transaction	PCTY	Common Stock, par value $0.001	Sale	-$2.93M	-18.1K	-1.03%	$162.18	1.75M	May 11, 2021	Direct	F1, F6
transaction	PCTY	Common Stock, par value $0.001	Sale	-$1.09M	-6.66K	-0.38%	$162.91	1.74M	May 11, 2021	Direct	F1, F7
holding	PCTY	Common Stock, par value $0.001						220K	May 11, 2021	by IRIE Family Trust
holding	PCTY	Common Stock, par value $0.001						10K	May 11, 2021	by IRIE Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PCTY	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-70K	-30.43%	$0.00	160K	May 11, 2021	Common Stock, par value $0.001	70K	$4.88	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 16, 2020.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $156.85 to $157.07, 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 2, 3, 4, 5, 6 and 7 of this Form 4.
F3	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $158.37 to $159.32, inclusive.
F4	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $159.40 to $160.13, inclusive.
F5	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $160.60 to $161.60, inclusive.
F6	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $161.61 to $162.58, inclusive.
F7	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $162.62 to $163.22, inclusive.