SEC Form 4 · accession 0001562180-15-000194

Paylocity Holding Corp · PCTY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. VP of Product Development

Period of report

Mar 11, 2015

Accepted (ET)

Mar 13, 2015 · 4:13 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001591698

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock, par value $0.001^F1,F2	Mar 11, 2015	M	40,000	$7.04	A	47,386	D
Common Stock, par value $0.001^F1	Mar 11, 2015	F	19,239	$28.98	D	28,147	D
Common Stock, par value $0.001^F4	Mar 12, 2015	S	20,761	$29.0766	D	7,386	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F1	$7.04	Mar 11, 2015	M	40,000	D	Jul 8, 2014	Jul 8, 2023	Common Stock, par value $0.001	40,000	143,333	D

F1The exercise occurred after the close of trading on March 11, 2015.
F2Includes 386 shares of Paylocity Holding Corporation's common stock acquired pursuant to Paylocity Holding Corporation's Employee Stock Purchase Plan ("ESPP") on 11/15/2014. The ESPP shares have been acquired in a transaction exempt from Section 16(b).
F3After the close of trading on March 11, 2015, Mr. Gaty exercised 40,000 Employee Stock Options and, under the net settlement provisions of the stock options, 19,239 shares of common stock were withheld in payment of the exercise price and related taxes.
F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $28.81 to $29.39 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 this footnote 4.