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PAYCHEX INC Director's Dealing 2015

Oct 9, 2015

30035_dirs_2015-10-09_04ace1b3-8880-4b0a-9cd9-bf4c8def1c53.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2015-10-08

Reporting Person: Zaucha Laurie L. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-08	Common Stock	M	3858	$30.93	Acquired	34677	Direct
2015-10-08	Common Stock	S	3858	$50.00	Disposed	30819	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-08	Stock Option	$30.93	M	3858	Disposed	2021-03-27	Common Stock (3858)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.34	2021-07-05	Common Stock (6093)	6093	Direct
Stock Option	$31.63	2021-07-06	Common Stock (100000)	100000	Direct
Stock Option	$31.65	2022-07-10	Common Stock (31414)	31414	Direct
Stock Option	$38.48	2023-07-09	Common Stock (29651)	29651	Direct
Stock Option	$41.70	2024-07-08	Common Stock (22135)	22135	Direct
Stock Option	$47.32	2025-07-07	Common Stock (23438)	23438	Direct

Footnotes

F1: Exercise pursuant to Rule 10b5-1 Trading Plan.