Rachit Lohani - Oct 1, 2021 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Chief Technology Officer
Signature
/s/ Kris Kang, attorney-in-fact to Rachit Lohani
Stock symbol
PCTY
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 04:42 PM
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Award $0 +29.3K $0.00 29.3K Oct 1, 2021 Direct F1

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 Market Stock Units Award $0 +3.51K $0.00 3.51K Oct 1, 2021 Common Stock, par value $0.001 3.51K $0.00 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 annually in four equal installments beginning on October 1, 2022. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F2 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 October 1, 2024. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F3 Represents the vesting and release date for these awards.
F4 Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.