SEC Form 4 · accession 0000899243-18-025293
Paycom Software, Inc. · PAYC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Scott Smith
Officer — Chief Information Officer
Period of report
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 4:05 pm EDT
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 | Aug 7, 2018 | G | 1,134 | $0.00 | D | 22,194 | D | |
| Common StockF1,F3 | Aug 7, 2018 | G | 1,134 | $0.00 | A | 30,794 | I | By Bradley Scott Smith Revocable Trust, dated October 30, 2017 |
| Common StockF4,F3 | Sep 24, 2018 | S | 100 | $151.04 | D | 30,694 | I | By Bradley Scott Smith Revocable Trust, dated October 30, 2017 |
| Common StockF4,F5,F3 | Sep 24, 2018 | S | 200 | $152.855 | D | 30,494 | I | By Bradley Scott Smith Revocable Trust, dated October 30, 2017 |
| Common StockF4,F6,F3 | Sep 24, 2018 | S | 1,097 | $154.4153 | D | 29,397 | I | By Bradley Scott Smith Revocable Trust, dated October 30, 2017 |
| Common StockF4,F7,F3 | Sep 24, 2018 | S | 3,803 | $155.0187 | D | 25,594 | I | By Bradley Scott Smith Revocable Trust, dated October 30, 2017 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person transferred these shares pursuant to a gift to Bradley Scott Smith Revocable Trust, dated October 30, 2017 (the "Bradley Scott Smith Revocable Trust"). See footnote (3) below for additional information regarding the Bradley Scott Smith Revocable Trust.
- F2Includes 21,592 unvested shares of restricted stock.
- F3The Bradley Scott Smith Revocable Trust is a revocable trust for the benefit of the reporting person, his spouse, and his children. The reporting person is the trustor and, with his spouse, a co-trustee of the Bradley Scott Smith Revocable Trust. Accordingly, the reporting person reports beneficial ownership of all of the shares of Paycom Software, Inc.'s (the "Issuer") common stock held by the Bradley Scott Smith Revocable Trust but disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
- F4The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 24, 2018.
- F5The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $152.37 to $153.34, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.66 to $154.63, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.675 to $155.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.