PAYCHEX INC — Director's Dealing 2012

Jul 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2012-07-11

Reporting Person: Gioja Michael E (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-11	Common Stock	A	4780	$0.00	Acquired	17887	Direct
2012-07-11	Common Stock	A	9011	$0.00	Acquired	26898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-11	Stock Option	$31.65	A	58901	Acquired	2022-07-10	Common Stock (58901)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$26.77	2018-11-09	Common Stock (12000)	12000	Direct
Stock Option	$24.21	2019-07-08	Common Stock (23519)	23519	Direct
Stock Option	$26.02	2020-07-06	Common Stock (17872)	17872	Direct
Stock Option	$31.34	2021-07-05	Common Stock (44381)	44381	Direct
Stock Option	$31.63	2021-07-06	Common Stock (250000)	250000	Direct

Footnotes

F1: Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F2: Award of restricted stock, subject to vesting, pursuant to performance award under the Amended and Restated 2002 Stock Incentive Plan.