PAYCHEX INC - Director's Dealing 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2013-07-10

Reporting Person: MUCCI MARTIN (Director, CEO & President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-10	Common Stock	S	5157	$38.48	Disposed	111331	Direct
2013-07-10	Common Stock	A	20397	$0.00	Acquired	131728	Direct
2013-07-10	Common Stock	A	49009	$0.00	Acquired	180737	Direct
2013-07-11	Common Stock	S	24966	$38.89	Disposed	155771	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-10	Stock Option	$38.48	A	237844	Acquired	2023-07-09	Common Stock (237844)	Direct

Security	Shares	Ownership
Common Stock	3699	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.79	2014-07-08	Common Stock (30000)	30000	Direct
Stock Option	$33.68	2015-07-07	Common Stock (50000)	50000	Direct
Stock Option	$36.87	2016-07-13	Common Stock (30000)	30000	Direct
Stock Option	$43.91	2017-07-17	Common Stock (30000)	30000	Direct
Stock Option	$31.95	2018-07-09	Common Stock (40000)	40000	Direct
Stock Option	$31.95	2018-07-09	Common Stock (12675)	12675	Direct
Stock Option	$24.21	2019-07-08	Common Stock (63290)	63290	Direct
Stock Option	$26.02	2020-07-06	Common Stock (29786)	29786	Direct
Stock Option	$27.28	2020-10-12	Common Stock (154591)	154591	Direct
Stock Option	$31.34	2021-07-05	Common Stock (206422)	206422	Direct
Stock Option	$31.63	2021-07-06	Common Stock (500000)	500000	Direct
Stock Option	$31.65	2022-07-10	Common Stock (274869)	274869	Direct

F1: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.

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

F3: Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.