SEC Form 4 · accession 0001209191-15-045039
Paycom Software, Inc. · PAYC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chad R. Richison
Officer — President and CEO · Director · 10% Owner
Period of report
May 20, 2015
Accepted (ET)
May 20, 2015 · 6:41 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 | May 20, 2015 | S | 1,500,000 | $35.75 | D | 5,670,999 | I | By Ernest Group, Inc. |
| Common StockF3 | holding | — | — | — | 4,821,195 | D | ||
| Common StockF2,F4 | holding | — | — | — | 229,135 | I | By The Ruby Group, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). Mr. Richison is the sole director of Ernest Group and Ernest Group is wholly owned by Mr. Richison and certain trusts for Mr. Richison's children, for which Mr. Richison serves as trustee. Mr. Richison may be deemed to beneficially own the shares of common stock owned by Ernest Group.
- F2Mr. Richison 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 Mr. Richison 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.
- F3Includes 638,110 shares of restricted stock. Since the date of his last ownership report, Mr. Richison transferred an aggregate of 850,000 shares of common stock to his former spouse pursuant to an Agreement Incident to the Dissolution of Marriage. Mr. Richison no longer reports such shares of common stock as beneficially owned by him.
- F4Represents shares of common stock owned by The Ruby Group, Inc. ("Ruby Group"). Mr. Richison is the sole director and sole shareholder of Ruby Group and may be deemed to beneficially own the shares of common stock owned by Ruby Group.