Rachit Lohani - 10 Sep 2024 Form 4/A - Amendment Insider Report for Paylocity Holding Corp (PCTY)

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A - Amendment
Accepted by SEC
03 Oct 2024, 16:02:27 UTC
Original report date
12 Sep 2024
Prior SEC filing
20 Aug 2024
Next SEC filing
03 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kris Kang, attorney in fact for Rachit Lohani

Key filing fact

Rachit Lohani filed Form 4/A - Amendment for Paylocity Holding Corp (PCTY) on 03 Oct 2024.

Key facts

  • This page summarizes Rachit Lohani's Form 4/A - Amendment filing for Paylocity Holding Corp (PCTY).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Oct 2024, 16:02.

Change

  • Previous filing in this sequence was filed on 20 Aug 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PCTY transaction

Common Stock, par value $0.001

Options Exercise

Transaction value
$0
Shares
+1,404
Change %
+3.2%
Price
$0.000000
Shares after
44,764
Date
10 Sep 2024
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PCTY transaction Derivative

Market Stock Units

Options Exercise

Transaction value
$0
Shares
-3,509
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Sep 2024
Ownership
Direct
Underlying class
Common Stock, par value $0.001
Underlying amount
3,509
Exercise price
$0.000000
Footnotes
F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents unvested restricted stock units ("RSUs") converted from Market Stock Units granted on October 1, 2021, based on the achievement by the Issuer of certain total shareholder return objectives over the three-year performance period ending August 31, 2024. The RSUs will vest on October 1, 2024, subject to the Reporting Person's continued employment.

Footnote F2

This amendment is being filed to correct an inadvertent administrative error in the number of shares acquired as reported on the Form 4 filed on September 12, 2024 and to correct the total amount of securities beneficially owned following the reported transaction.

Footnote F3

Each Market Stock Unit entitles the Reporting Person to a payout of shares of Issuer Common Stock equal to between 0% and 200% of such Market Stock Unit depending on the relative performance of the total shareholder return of Issuer Common Stock compared with that of a peer group over a three-year performance period ending August 31, 2024.

Footnote F4

The Market Stock Units converted to restricted units upon determination by the Compensation Committee of the level of achievement of the performance criteria.

Footnote F5

Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.

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