SEC Form 4 · accession 0001562180-18-003691
Paylocity Holding Corp · PCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven I Sarowitz
Director · 10% Owner
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 5:23 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 | 2,600 | $0.00 | A | 14,820,606 | D | |
| Common Stock, par value $0.001F2,F3 | Aug 15, 2018 | S | 3,740 | $65.68 | D | 14,816,866 | D | |
| Common Stock, par value $0.001F2,F4 | Aug 15, 2018 | S | 1,136 | $66.73 | D | 14,815,730 | D | |
| Common Stock, par value $0.001F5,F6 | Aug 15, 2018 | S | 2,379 | $65.50 | D | 218,621 | I | by the Julian Grace Foundation |
| Common Stock, par value $0.001F5,F7 | Aug 15, 2018 | S | 1,121 | $66.74 | D | 217,500 | I | by the Julian Grace 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 25% quarterly, such that the RSUs will vest completely on the first anniversary of the date of grant. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- F2The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 6, 2017.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.18 to $66.14, 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 3 and 4 of this Form 4.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.19 to $67.08, inclusive.
- F5The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on May 14, 2018.
- F6The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.18 to $66.14, 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 6 and 7 of this Form 4.
- F7The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.19 to $67.16, inclusive.