SEC Form 4 · accession 0000899243-15-008628
Paycom Software, Inc. · PAYC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William X. Kerber III
Officer — Chief Information Officer
Period of report
Nov 18, 2015
Accepted (ET)
Nov 20, 2015 · 5:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590955
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 12, 2015 | G | 65,000 | $0.00 | D | 443,298 | D | |
| Common StockF3,F7 | Nov 12, 2015 | G | 17,500 | $0.00 | A | 17,500 | I | By Abigale O. Kerber 2013 Irrevocable Trust u/a dated 07/24/2013 |
| Common StockF4,F7 | Nov 12, 2015 | G | 17,500 | $0.00 | A | 17,500 | I | By William X. Kerber IV 2013 Irrevocable Trust u/a dated 07/24/2013 |
| Common StockF5,F7 | Nov 12, 2015 | G | 30,000 | $0.00 | A | 30,000 | I | By Kerber Family 2015 Irrevocable Trust u/a dated 06/16/2015 |
| Common StockF6,F7 | Nov 18, 2015 | S | 115,000 | $41.75 | D | 449,877 | I | By WK-EGI, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the aggregate number of shares of common stock gifted by the reporting person to three irrevocable trusts for the benefit of his daughter, son and siblings, respectively. See footnotes 3, 4 and 5 below for additional information regarding these trusts.
- F2Includes 144,791 shares of restricted stock.
- F3Abigale O. Kerber 2013 Irrevocable Trust u/a dated 07/24/2013 (the "Abigale O. Kerber Trust") is an irrevocable trust for the benefit of the reporting person's daughter, who shares the reporting person's household. Accordingly, the reporting person may be deemed to beneficially own the shares of common stock owned by the Abigale O. Kerber Trust.
- F4William X. Kerber IV 2013 Irrevocable Trust u/a dated 07/24/2013 (the "William X. Kerber IV Trust") is an irrevocable trust for the benefit of the reporting person's son, who shares the reporting person's household. Accordingly, the reporting person may be deemed to beneficially own the shares of common stock owned by the William X. Kerber IV Trust.
- F5Kerber Family 2015 Irrevocable Trust u/a dated 06/16/2015 (the "Kerber Family Trust") is an irrevocable trust for the benefit of the reporting person's five siblings. Although the reporting person is not the named trustee of the Kerber Family Trust, he may be deemed to have investment control over the shares of common stock through his role as the sole investment advisor for the Kerber Family Trust. Accordingly, the reporting person may be deemed to beneficially own the shares of common stock owned by the Kerber Family Trust
- F6Represents shares of common stock owned by WK-EGI, Inc. ("WK-EGI"). The reporting person is the sole director of WK-EGI, and WK-EGI is owned by the reporting person and certain trusts for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by WK-EGI.
- F7The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. Neither the filing of this report nor anything herein shall be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities.