Steven R. Beauchamp - Aug 15, 2022 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Stock symbol
PCTY
Transactions as of
Aug 15, 2022
Transactions value $
-$10,207,608
Form type
4
Date filed
8/17/2022, 04:02 PM
Previous filing
Jul 12, 2022
Next filing
Aug 18, 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 +30.1K +1.69% $0.00 1.81M Aug 15, 2022 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$10.2M -38.5K -2.13% $264.94 1.77M Aug 15, 2022 Direct
transaction PCTY Common Stock, par value $0.001 Gift $0 -12.5K -0.71% $0.00 1.76M Aug 15, 2022 Direct F2
transaction PCTY Common Stock, par value $0.001 Gift $0 +12.5K +125% $0.00 22.5K Aug 15, 2022 by IRIE Foundation F2
holding PCTY Common Stock, par value $0.001 220K Aug 15, 2022 by IRIE Family Trust

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 +30.1K $0.00 30.1K Aug 15, 2022 Common Stock, par value $0.001 30.1K $0.00 Direct F3, F4, F5
* 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 over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F2 Reflects a donative gift from the Reporting Person to IRIE Foundation, a private charitable foundation controlled by the Reporting Person.
F3 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 September 1, 2025. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F4 Represents the vesting and release date for these awards.
F5 Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.