Toby J. Williams - Aug 15, 2022 Form 4/A - Amendment Insider Report for Paylocity Holding Corp (PCTY)

Signature
/s/ Kris Kang, attorney-in-fact to Toby J. Williams
Stock symbol
PCTY
Transactions as of
Aug 15, 2022
Transactions value $
-$6,281,955
Form type
4/A - Amendment
Date filed
8/26/2022, 04:12 PM
Date Of Original Report
Aug 17, 2022
Previous filing
Mar 15, 2022
Next filing
Aug 26, 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 +27.02% $0.00 141K Aug 15, 2022 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability -$4.14M -15.6K -11.04% $264.94 126K Aug 15, 2022 Direct F2
transaction PCTY Common Stock, par value $0.001 Sale -$189K -710 -0.56% $265.61 125K Aug 15, 2022 Direct F3, F4
transaction PCTY Common Stock, par value $0.001 Sale -$240K -900 -0.72% $266.71 124K Aug 15, 2022 Direct F3, F5
transaction PCTY Common Stock, par value $0.001 Sale -$351K -1.31K -1.06% $267.77 123K Aug 15, 2022 Direct F3, F6
transaction PCTY Common Stock, par value $0.001 Sale -$935K -3.48K -2.83% $268.78 119K Aug 15, 2022 Direct F3, F7
transaction PCTY Common Stock, par value $0.001 Sale -$431K -1.6K -1.34% $269.68 118K Aug 15, 2022 Direct F3, F8

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 F9, F10, F11
* 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 This amendment is being filed to correct the amount of shares reported in the Form 4 filed on August 17, 2022 with respect to the tax withholding of shares upon the vesting of restricted stock units and to correct the total amount of securities beneficially owned following the reported transactions.
F3 The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on March 16, 2022.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $265.12 to $266.07, 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 4, 5, 6, 7 and 8 of this Form 4.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $266.14 to $267.07, inclusive.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $267.17 to $268.14, inclusive.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $268.22 to $269.21, inclusive.
F8 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $269.23 to $270.07, inclusive.
F9 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.
F10 Represents the vesting and release date for these awards.
F11 Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.