FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lacerte Rene A.
2. Issuer Name and Ticker or Trading Symbol

Bill.com Holdings, Inc. [ BILL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

9/15/2020
(Street)

PALO ALTO, CA 94303
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 9/11/2020  G  V 150000 D$0.00 2389999 I See Footnote (1)
Common Stock 9/11/2020  G  V 75000 A$0.00 175000 I See Footnote (2)
Common Stock 9/11/2020  G  V 75000 A$0.00 175000 I See Footnote (3)
Common Stock 9/15/2020  M  10000 A$2.38 14781 D  
Common Stock 9/15/2020  S(4)  3881 D$86.8144 (5)10900 D  
Common Stock 9/15/2020  S(4)  3227 D$87.8475 (6)7673 D  
Common Stock 9/15/2020  S(4)  2192 D$88.7355 (7)5481 D  
Common Stock 9/15/2020  S(4)  700 D$89.8686 (8)4781 D  
Common Stock         135000 I See Footnote (9)
Common Stock         135000 I See Footnote (9)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $2.38 9/15/2020  M     10000   (10)2/3/2025 Common Stock 10000 $0.00 157500 D  

Explanation of Responses:
(1) The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
(2) The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
(3) The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
(4) The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
(5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.35 to $87.31 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of 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 this footnote.
(6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.37 to $88.36 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of 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 this footnote.
(7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.37 to $89.23 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of 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 this footnote.
(8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.42 to $90.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of 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 this footnote.
(9) The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees.
(10) The option is fully vested and exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lacerte Rene A.
C/O BILL.COM HOLDINGS, INC.
1800 EMBARCADERO ROAD
PALO ALTO, CA 94303
X
President and CEO

Signatures
/s/ Rajesh Aji, Attorney-in-Fact9/17/2020
**Signature of Reporting PersonDate

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