Williams Toby J.'s Form 4/A amendment
AmendedPaylocity Holding Corp (PCTY) · filed Aug 26, 2022
- Accession no.
- 0001591698-22-000157
- Filed
- Aug 26, 2022
- Trade date
- Aug 15, 2022
- Filing delay
- 11 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 17, 2022
This filing lists 7 non-derivative transactions and 1 derivative transaction. Open-market sales total $2.15M. It was filed 11 days after the trade.
This amendment replaces 0001591698-22-000111 (filed Aug 17, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Williams Toby J.CIK 0001716436 | Director, Officer (President and Co-CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 15, 2022 | Common Stock, par value $0.001 | AGrant or awardAcquired | +30,079 | $0.00 | $0 | 141,416 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | FTax withholdingDisposed | −15,610 | $264.94 | −$4,135,713.4 | 125,806 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | SSaleDisposed | −710 | $265.61F4 | −$188,583.1 | 125,096 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | SSaleDisposed | −900 | $266.71F5 | −$240,039 | 124,196 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | SSaleDisposed | −1,312 | $267.77F6 | −$351,314.24 | 122,884 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | SSaleDisposed | −3,478 | $268.78F7 | −$934,816.84 | 119,406 | Direct | |
| Aug 15, 2022 | Common Stock, par value $0.001 | SSaleDisposed | −1,600 | $269.68F8 | −$431,488 | 117,806 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 15, 2022 | Common Stock, par value $0.001 | AGrant or awardAcquired | +30,079 | $0.00 | $0 | 30,079 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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 over four years beginning on the date of grant at a rate of 6.25% vesting every three months. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- F2
This amendment is being filed to correct the amount of shares reported in the Form 4 filed on August 17, 2022 with respect to the tax withholding of shares upon the vesting of restricted stock units and to correct the total amount of securities beneficially owned following the reported transactions.
- F3
The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on March 16, 2022.
- F4
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $265.12 to $266.07, 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 4, 5, 6, 7 and 8 of this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $266.14 to $267.07, inclusive.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $267.17 to $268.14, inclusive.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $268.22 to $269.21, inclusive.
Referenced by the price of 1 transaction in Table I.
- F8
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $269.23 to $270.07, inclusive.
Referenced by the price of 1 transaction in Table I.
- F9
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, 2025. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.
- F10
Represents the vesting and release date for these awards.
- F11
Restricted stock units do not expire; they either vest or are canceled prior to or upon the vesting date.