SEC Form 4 · accession 0001562180-17-002739
Paylocity Holding Corp · PCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Haske
Officer — President and COO
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 6:04 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Aug 15, 2017 | A | 42,000 | $0.00 | A | 1,228,860 | D | |
| Common Stock, par value $0.001F2 | Aug 15, 2017 | A | 21,000 | $0.00 | A | 1,249,860 | D | |
| Common Stock, par value $0.001F3,F4 | Aug 15, 2017 | S | 4,200 | $45.06 | D | 1,245,660 | D | |
| Common Stock, par value $0.001F3,F5 | Aug 15, 2017 | S | 7,200 | $45.91 | D | 1,238,460 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs will vest annually in four equal installments beginning on August 15, 2018. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- F2Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person to receive one (1) share of Common Stock per RSU. The RSUs vest following fiscal year 2019 with the ultimate amount vested dependent upon the attainment of certain performance benchmarks. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- F3The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on August 22, 2016.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $44.59 to $45.55 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 footnotes 4 and 5 of this Form 4.
- F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $45.60 to $46.20, inclusive.