Ryan Glenn - 11 Mar 2022 Form 3 Insider Report for Paylocity Holding Corp (PCTY)

Role
CFO and Treasurer
Signature
/s/ Kris Kang, attorney-in-fact to Ryan Glenn
Issuer symbol
PCTY
Transactions as of
11 Mar 2022
Net transactions value
$0
Form type
3
Filing time
15 Mar 2022, 16:07:10 UTC
Next filing
08 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PCTY Common Stock, par value $0.001 13,869 11 Mar 2022 Direct

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
holding PCTY Market Stock Units 11 Mar 2022 Common Stock, par value $0.001 1,826 $0.000000 Direct F1, F2, F3
holding PCTY Market Stock Units 11 Mar 2022 Common Stock, par value $0.001 1,409 $0.000000 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting and release date for these awards.
F2 Market stock units do not expire; they either vest or are canceled prior to or upon the vesting date.
F3 Reflects a target number of market stock units (MSUs) subject to an 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, 2023 and will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F4 Reflects a target number of market stock units (MSUs) subject to an 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, 2024 and will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney