Diehl Jeffrey T. - 16 Jun 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Director
Signature
/s/ Kris Kang, attorney-in-fact to Jeffrey T. Diehl
Issuer symbol
PCTY
Transactions as of
16 Jun 2023
Net transactions value
-$1,164,492
Form type
4
Filing time
20 Jun 2023, 16:10:39 UTC
Previous filing
02 Jun 2023
Next filing
17 Aug 2023
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 Sale $185,764 -1,008 -0.78% $184.29 128,645 16 Jun 2023 by Adams Street 2007 Direct Fund L.P. F1, F2
transaction PCTY Common Stock, par value $0.001 Sale $112,088 -605 -0.47% $185.27 128,040 16 Jun 2023 by Adams Street 2007 Direct Fund L.P. F2, F3
transaction PCTY Common Stock, par value $0.001 Sale $48,648 -261 -0.2% $186.39 127,779 16 Jun 2023 by Adams Street 2007 Direct Fund L.P. F2, F4
transaction PCTY Common Stock, par value $0.001 Sale $209,353 -1,136 -0.61% $184.29* 184,283 16 Jun 2023 by Adams Street 2008 Direct Fund L.P. F1, F5
transaction PCTY Common Stock, par value $0.001 Sale $126,354 -682 -0.37% $185.27 183,601 16 Jun 2023 by Adams Street 2008 Direct Fund L.P. F3, F5
transaction PCTY Common Stock, par value $0.001 Sale $54,799 -294 -0.16% $186.39 183,307 16 Jun 2023 by Adams Street 2008 Direct Fund L.P. F4, F5
transaction PCTY Common Stock, par value $0.001 Sale $229,257 -1,244 -3.2% $184.29 37,190 16 Jun 2023 by Adams Street 2009 Direct Fund L.P. F1, F6
transaction PCTY Common Stock, par value $0.001 Sale $138,211 -746 -2% $185.27 36,444 16 Jun 2023 by Adams Street 2009 Direct Fund L.P. F3, F6
transaction PCTY Common Stock, par value $0.001 Sale $60,018 -322 -0.88% $186.39 36,122 16 Jun 2023 by Adams Street 2009 Direct Fund L.P. F4, F6
holding PCTY Common Stock, par value $0.001 114,813 16 Jun 2023 by Adams Street 2006 Direct Fund L.P. F7
holding PCTY Common Stock, par value $0.001 21,831 16 Jun 2023 by Adams Street 2010 Direct Fund L.P. F8
holding PCTY Common Stock, par value $0.001 17,542 16 Jun 2023 by Adams Street 2011 Direct Fund LP F9
holding PCTY Common Stock, par value $0.001 17,602 16 Jun 2023 by Adams Street 2012 Direct Fund LP F10
holding PCTY Common Stock, par value $0.001 67,906 16 Jun 2023 by Adams Street Co-Investment Fund II, L.P. F11
holding PCTY Common Stock, par value $0.001 24,895 16 Jun 2023 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $183.80 to $184.77, 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 1, 3 and 4 of this Form 4.
F2 Shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2007. The securities owned by AS 2007 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2007. Such persons and entities disclaim beneficial ownership of shares held by AS 2007, except to the extent of any pecuniary interest therein.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $184.81 to $185.81, inclusive.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $185.91 to $186.82, inclusive.
F5 Shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2008. The securities owned by AS 2008 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2008. Such persons and entities disclaim beneficial ownership of shares held by AS 2008, except to the extent of any pecuniary interest therein.
F6 Shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2009. The securities owned by AS 2009 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2009. Such persons and entities disclaim beneficial ownership of shares held by AS 2009, except to the extent of any pecuniary interest therein.
F7 Shares held directly by Adams Street 2006 Direct Fund, L.P. ("AS 2006") and indirectly by Adams Street Partners, LLC as the managing member of the general partner of AS 2006. The securities owned by AS 2006 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2006. Such persons and entities disclaim beneficial ownership of shares held by AS 2006, except to the extent of any pecuniary interest therein.
F8 Shares held directly by Adams Street 2010 Direct Fund, L.P. ("AS 2010") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2010. The securities owned by AS 2010 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2010. Such persons and entities disclaim beneficial ownership of shares held by AS 2010, except to the extent of any pecuniary interest therein.
F9 Shares held directly by Adams Street 2011 Direct Fund LP ("AS 2011") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2011's general partner. The securities owned by AS 2011 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2011. Such persons and entities disclaim beneficial ownership of shares held by AS 2011, except to the extent of any pecuniary interest therein.
F10 Shares held directly by Adams Street 2012 Direct Fund LP ("AS 2012") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2012's general partner. The securities owned by AS 2012 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2012. Such persons and entities disclaim beneficial ownership of shares held by AS 2012, except to the extent of any pecuniary interest therein.
F11 Shares held directly by Adams Street Co-Investment Fund II, L.P. ("AS CIF") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS CIF. The securities owned by AS CIF may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS CIF. Such persons and entities disclaim beneficial ownership of shares held by AS CIF, except to the extent of any pecuniary interest therein.
F12 The reported RSUs are owned directly by Reporting Person, Jeffrey T. Diehl, who is a partner of Adams Street Partners, LLC. Adams Street Partners, LLC is the managing member of the general partner of Adams Street 2006 Direct Fund, L.P., Adams Street 2007 Direct Fund, L.P., Adams Street 2008 Direct Fund, L.P., Adams Street 2009 Direct Fund, L.P., Adams Street 2010 Direct Fund, L.P. and Adams Street Co-investment Fund II, L.P. and the managing member of the general partner of the general partner of Adams Street 2011 Direct Fund LP and Adams Street 2012 Direct Fund LP (such funds collectively, the "Funds"). By agreement with the Funds, Mr. Diehl is deemed to hold the RSUs for the benefit of the Funds. Mr. Diehl disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein.