Andrew Cappotelli - 16 Aug 2021 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role: Chief Accounting Officer
Signature: /s/ Kris Kang, attorney-in-fact to Andrew Cappotelli
Issuer symbol: PCTY
Transactions as of: 16 Aug 2021
Transactions value $: -$286,224
Form type: 4
Filing time: 18 Aug 2021, 16:14:01 UTC
Previous filing: 03 Jun 2021
Next filing: 13 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCTY	Common Stock, par value $0.001	Award	$0	+1.46K	+15.97%	$0.00	10.6K	16 Aug 2021	Direct	F1
transaction	PCTY	Common Stock, par value $0.001	Award	$0	+2.11K	+19.99%	$0.00	12.7K	16 Aug 2021	Direct	F2
transaction	PCTY	Common Stock, par value $0.001	Tax liability	-$104K	-415	-3.27%	$250.57	12.3K	16 Aug 2021	Direct
transaction	PCTY	Common Stock, par value $0.001	Sale	-$182K	-734	-5.98%	$248.28	11.5K	16 Aug 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PCTY	Market Stock Units	Award	$0	+939		$0.00	939	16 Aug 2021	Common Stock, par value $0.001	939	$0.00	Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units (PRSUs) awarded pursuant to the Issuer's 2014 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PRSU upon vesting. The PRSUs vest on August 15, 2022, subject to continued service through the vesting date. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F2	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 16, 2022. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F3	The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on June 5, 2020.
F4	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 September 1, 2024. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
F5	Represents the vesting and release date for these awards.
F6	Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.