Paycom Software, Inc. — Director's Dealing 2020

Oct 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Paycom Software, Inc. (PAYC)
CIK: 0001590955
Period of Report: 2020-10-09

Reporting Person: Richison Chad R. (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-09	Common Stock	S	770	$360.93	Disposed	3456735	Direct
2020-10-09	Common Stock	S	1430	$362.18	Disposed	3455305	Direct
2020-10-09	Common Stock	S	1800	$363.11	Disposed	3453505	Direct
2020-10-09	Common Stock	S	5494	$364.14	Disposed	3448011	Direct
2020-10-09	Common Stock	S	9111	$365.20	Disposed	3438900	Direct
2020-10-09	Common Stock	S	7494	$366.23	Disposed	3431406	Direct
2020-10-09	Common Stock	S	15940	$367.10	Disposed	3415466	Direct
2020-10-09	Common Stock	S	2961	$367.83	Disposed	3412505	Direct
2020-10-12	Common Stock	S	800	$358.34	Disposed	3411705	Direct
2020-10-12	Common Stock	S	1806	$360.04	Disposed	3409899	Direct
2020-10-12	Common Stock	S	837	$361.28	Disposed	3409062	Direct
2020-10-12	Common Stock	S	2092	$362.38	Disposed	3406970	Direct
2020-10-12	Common Stock	S	1446	$363.54	Disposed	3405524	Direct
2020-10-12	Common Stock	S	8184	$364.56	Disposed	3397340	Direct
2020-10-12	Common Stock	S	10294	$365.60	Disposed	3387046	Direct
2020-10-12	Common Stock	S	9606	$366.47	Disposed	3377440	Direct
2020-10-12	Common Stock	S	7539	$367.42	Disposed	3369901	Direct
2020-10-12	Common Stock	S	1700	$368.56	Disposed	3368201	Direct
2020-10-12	Common Stock	S	696	$369.37	Disposed	3367505	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3670999	Indirect
Common Stock	56	Indirect
Common Stock	56	Indirect
Common Stock	56	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2020.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $360.52 to $361.44, inclusive. The reporting person undertakes to provide to Paycom Software, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Includes 224,000 unvested shares of restricted stock.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $361.52 to $362.51, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $362.58 to $363.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $363.62 to $364.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $364.62 to $365.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F8: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.64 to $366.63, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F9: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.64 to $367.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F10: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.64 to $368.34, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F11: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $358.19 to $358.67, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $359.51 to $360.49, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $360.90 to $361.64, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F14: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $362.00 to $362.99, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F15: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $363.00 to $363.92, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F16: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $364.02 to $365.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.03 to $366.02, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.03 to $367.02, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F19: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.03 to $368.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F20: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $368.04 to $368.87, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $369.12 to $369.71, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F22: Represents shares of common stock owned by Ernest Group, Inc. ("Ernest Group"). The reporting person is the sole director of Ernest Group and Ernest Group is wholly owned by the reporting person and certain trusts for the reporting person's children, for which the reporting person serves as trustee. The reporting person may be deemed to beneficially own the shares of common stock owned by Ernest Group.

F23: Represents shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Abrie R. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Abrie R. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Abrie R. Richison 2012 Irrevocable Trust.

F24: Represents shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Ava L. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Ava L. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Ava L. Richison 2012 Irrevocable Trust.

F25: Represents shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust U/T/A DTD 12/21/2012 (the "Ian D. Richison 2012 Irrevocable Trust"). The reporting person is the settlor and sole trustee for the Ian D. Richison 2012 Irrevocable Trust, which is for the benefit of the reporting person's child. The reporting person may be deemed to beneficially own the shares of common stock owned by the Ian D. Richison 2012 Irrevocable Trust.