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Paylocity Holding Corp — Director's Dealing 2020
Aug 18, 2020
30670_dirs_2020-08-18_09141c57-2a8a-4c50-9419-dc440f55e7a4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Paylocity Holding Corp (PCTY)
CIK: 0001591698
Period of Report: 2020-08-14
Reporting Person: Beauchamp Steven R (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-08-14 | Common Stock, par value $0.001 | A | 36816.00 | $0.00 | Acquired | 1770321.00 | Direct |
| 2020-08-17 | Common Stock, par value $0.001 | F | 31676.00 | $131.64 | Disposed | 1738645.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-08-14 | Market Stock Units | $0.00 | A | 24544.00 | Acquired | Common Stock, par value $0.001 (24544.00) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, par value $0.001 | 220000.00 | Indirect |
| Common Stock, par value $0.001 | 20000.00 | Indirect |
Footnotes
F1: Reflects 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 14, 2021. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F2: Amount of securities beneficially owned reflects the forfeiture of certain performance-based restricted stock units previously reported in Table I.
F3: Reflects the grant of a target number of market stock units (MSUs) subject to the award as presented in the table which will entitle Reporting Person to receive one (1) share of Common Stock per MSU. The number of MSUs that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the Issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2023. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F4: Represents the vesting and release date for these awards.
F5: Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.