Form 4 for PCTY Paylocity Holding Corp

Accepted 2021-10-05 00:00:00 ET · period of report 2021-10-01 · accession 0001562180-21-006310 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-10-05	2021-10-01	PCTY	Lohani Rachit	CTO	A - Grant	$0.00	+29.3K	29.3K	New	$0
D	2021-10-05	2021-10-01	PCTY	Lohani Rachit	CTO	A - Grant	$0.00	+3,509	3,509	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.001	2021-10-01	A	A	29,298	$0.00	29,298	D	—	—	(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 October 1, 2022. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
2	Derivative	Market Stock Units	2021-10-01	A	A	3,509	$0.00	3,509	D	$0.00 · 2024-10-01 to —	3,509 Common Stock, par value $0.001	(F2) 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 October 1, 2024. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan. (F3) Represents the vesting and release date for these awards. (F4) Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.