PAYCHEX INC — Director's Dealing 2016

Jul 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2016-07-22

Reporting Person: DOODY JOSEPH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-21	Common Stock	M	5765	$27.63	Acquired	19158	Direct
2016-07-21	Common Stock	S	5765	$60.54	Disposed	13393	Direct
2016-07-21	Common Stock	M	11468	$31.63	Acquired	24861	Direct
2016-07-21	Common Stock	S	11468	$60.54	Disposed	13393	Direct
2016-07-21	Common Stock	M	5686	$31.50	Acquired	19079	Direct
2016-07-21	Common Stock	S	5686	$60.54	Disposed	13393	Direct
2016-07-22	Common Stock	M	9366	$31.50	Acquired	22759	Direct
2016-07-22	Common Stock	S	9366	$60.47	Disposed	13393	Direct
2016-07-22	Common Stock	M	12156	$38.89	Acquired	25549	Direct
2016-07-22	Common Stock	S	12156	$60.47	Disposed	13393	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-21	Stock Option	$27.63	M	5765	Disposed	2020-10-13	Common Stock (5765)	Direct
2016-07-21	Stock Option	$31.63	M	11468	Disposed	2021-07-06	Common Stock (11468)	Direct
2016-07-21	Stock Option	$31.50	M	5686	Disposed	2022-07-11	Common Stock (5686)	Direct
2016-07-22	Stock Option	$31.50	M	9366	Disposed	2022-07-11	Common Stock (9366)	Direct
2016-07-22	Stock Option	$38.89	M	12156	Disposed	2023-07-10	Common Stock (12156)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$41.70	2024-07-08	Common Stock (10850)	10850	Direct
Stock Option	$47.43	2025-07-08	Common Stock (11489)	11489	Direct
Stock Option	$60.59	2026-07-06	Common Stock (10220)	10220	Direct