s13ga_012516-paycomsoftware.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
_________________
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
 
(Amendment No 1)*
 
 
Paycom Software, Inc.
(Name of Issuer)
 
 
Common Stock, $0.01 par value
(Title of Class of Securities)
 
 
70432V102
(CUSIP Number)
 
 
December 31, 2015
(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[  ]       Rule 13d-1(b)
[  ]       Rule 13d-1(c)
[X]       Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
 
 
 
 
Cusip No. 70432V102

 
1.
Name of Reporting Person
Welsh, Carson, Anderson & Stowe X, L.P.
 
 
I.R.S. Identification
No. of Above Person
(Entities Only) (Voluntary)
    
2.
Check the Appropriate Box
if a Member of a Group
  
(a)            [X]
(b)            [  ]
 
3.
SEC Use Only
    
4.
Citizenship or Place
of Organization
  
Delaware
Number of
Shares Beneficially
Owned by Each
Reporting Person
With
5.
Sole Voting
Power
5,065,436 *
6.
Shared Voting
Power
-0-
7.
Sole Dispositive
Power
5,065,436 *
8.
Shared Dispositive Power
-0-
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
  
5,065,436 *
10.
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
  
[ ]
11.
Percent of Class Represented by Amount in Row (9)
  
8.6% **
 
12.
Type of Reporting Person
  
PN
 

*
As of December 31 , 2015.
**
Based on 59,103,329 shares of Common Stock outstanding as of November 6, 2015, as reported by the Issuer in the prospectus supplement dated November 12, 2015 filed with the Securities and Exchange Commission on November 16, 2015.

 
 
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Cusip No. 70432V102
 

 
1.
Name of Reporting Person
WCAS Capital Partners IV, L.P.
 
 
I.R.S. Identification
No. of Above Person
(Entities Only) (Voluntary)
  
2.
Check the Appropriate Box
if a Member of a Group
  
(a)            [X]
(b)            [  ]
 
3.
SEC Use Only
    
4.
Citizenship or Place
of Organization
  
Delaware
Number of
Shares Beneficially
Owned by Each
Reporting Person
With
5.
Sole Voting
Power
53,828 *
6.
Shared Voting
Power
-0-
7.
Sole Dispositive
Power
53,828 *
8.
Shared Dispositive Power
-0-
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
  
53,828 *
10.
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
  
[ ]
11.
Percent of Class Represented by Amount in Row (9)
  
0.1%**
 
12.
Type of Reporting Person
  
PN
 

*
As of December 31, 2015.
**
Based on 59,103,329 shares of Common Stock outstanding as of November 6, 2015, as reported by the Issuer in the prospectus supplement dated November 12, 2015 filed with the Securities and Exchange Commission on November 16, 2015.

 
 
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Cusip No. 70432V102

Amendment No. 1 to Schedule 13G
 
Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission on behalf of the Reporting Persons with respect to the Common Stock of the Issuer on January 21, 2015 (the “Schedule 13G”).  Terms defined in the Schedule 13G are used herein as so defined.
 
The following items of the Schedule 13G are amended and restated as follows:
 
Item 4.    Ownership.
 
(a) through (c):
 
The information requested hereunder is incorporated by reference to the cover pages to this Amendment No. 1 to Schedule 13G.
 
In addition, WCAS Management Corporation, a Delaware corporation, which is an affiliate of the Reporting Persons, beneficially owns 56,055 shares of Common Stock, or approximately 0.1% of the Common Stock outstanding.  Ownership is stated as of December 31, 2015 and is based on 59,103,329 shares of Common Stock outstanding as of November 6, 2015, as reported by the Issuer in the prospectus supplement dated November 12, 2015 filed with the Securities and Exchange Commission on November 16, 2015.
 
 
 
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Cusip No. 70432V102
SIGNATURE
 
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 

Dated:  January 25, 2016

 
WELSH, CARSON, ANDERSON & STOWE X, L.P.
By WCAS X Associates LLC, its general partner
 
 
By:
/s/ David Mintz
   
Attorney-in-Fact
 
 
WCAS CAPITAL PARTNERS IV, L.P.
By WCAS CP IV Associates LLC, its general partner
 
 
By:
/s/ David Mintz
   
Attorney-in-Fact

 
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