SEC Form 4 · accession 0001562180-18-003686
Paylocity Holding Corp · PCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Beauchamp
Officer — Chief Executive Officer · Director
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 5:22 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, 2018 | A | 66,460 | $0.00 | A | 2,008,638 | D | |
| Common Stock, par value $0.001F2 | Aug 15, 2018 | A | 28,815 | $0.00 | A | 2,037,453 | D | |
| Common Stock, par value $0.001 | Aug 15, 2018 | F | 9,082 | $67.00 | D | 2,028,371 | D | |
| Common Stock, par value $0.001F3 | Aug 15, 2018 | G | 75,000 | $0.00 | D | 1,953,371 | D | |
| Common Stock, par value $0.001F3 | Aug 15, 2018 | G | 75,000 | $0.00 | A | 220,000 | I | by IRIE Family Trust |
| Common Stock, par value $0.001 | holding | — | — | — | 20,000 | I | by IRIE Foundation |
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, 2019. 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 2020 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.
- F3These securities were transferred by the reporting person as a gift to the IRIE Family Trust (the "Trust") for the benefit of the reporting person's children. The reporting person's spouse is trustee of the Trust.