Steven R. Beauchamp - 11 May 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
Issuer symbol: PCTY
Transactions as of: 11 May 2021
Net transactions value: -$11,002,032
Form type: 4
Filing time: 13 May 2021, 16:03:03 UTC
Next filing: 19 May 2021
SEC: View on sec.gov

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	$341,600	+70,000	+4%	$4.88	1,808,645	11 May 2021	Direct	F1
transaction	PCTY	Common Stock, par value $0.001	Tax liability	$5,239,222	-32,178	-1.8%	$162.82	1,776,467	11 May 2021	Direct
transaction	PCTY	Common Stock, par value $0.001	Sale	$360,824	-2,300	-0.13%	$156.88	1,774,167	11 May 2021	Direct	F1, F2
transaction	PCTY	Common Stock, par value $0.001	Sale	$210,304	-1,326	-0.07%	$158.60	1,772,841	11 May 2021	Direct	F1, F3
transaction	PCTY	Common Stock, par value $0.001	Sale	$865,673	-5,423	-0.31%	$159.63	1,767,418	11 May 2021	Direct	F1, F4
transaction	PCTY	Common Stock, par value $0.001	Sale	$648,467	-4,021	-0.23%	$161.27	1,763,397	11 May 2021	Direct	F1, F5
transaction	PCTY	Common Stock, par value $0.001	Sale	$2,933,836	-18,090	-1%	$162.18	1,745,307	11 May 2021	Direct	F1, F6
transaction	PCTY	Common Stock, par value $0.001	Sale	$1,085,306	-6,662	-0.38%	$162.91	1,738,645	11 May 2021	Direct	F1, F7
holding	PCTY	Common Stock, par value $0.001						220,000	11 May 2021	by IRIE Family Trust
holding	PCTY	Common Stock, par value $0.001						10,000	11 May 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	-70,000	-30%	$0.000000	160,000	11 May 2021	Common Stock, par value $0.001	70,000	$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.