PAYCHEX INC — Director's Dealing 2015

Jul 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2015-07-09

Reporting Person: HORSLEY PHILLIP (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-09	Common Stock	A	1308	$0.00	Acquired	2814	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-09	Stock Option	$47.43	A	11489	Acquired	2025-07-08	Common Stock (11489)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - Family Trust	105048	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.63	2021-07-06	Common Stock (11468)	11468	Direct
Stock Option	$31.50	2022-07-11	Common Stock (15052)	15052	Direct
Stock Option	$38.89	2023-07-10	Common Stock (12156)	12156	Direct
Stock Option	$41.70	2024-07-08	Common Stock (10850)	10850	Direct

Footnotes

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

F2: Administrative adjustment of shares previously reported as Direct ownership corrected to reflect Indirect ownership through The S. Phillip Horsley & Gloria Horsley Family Revocable Trust U/A/D 01/23/1992.