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PAYCHEX INC Director's Dealing 2016

Jul 8, 2016

30035_dirs_2016-07-08_e20c5bdc-a05c-4b90-8754-1952609040c6.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: 2016-07-06

Reporting Person: Schaeffer Stephanie L (CLO, Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-07-06 Common Stock A 1424 $0.00 Acquired 40251 Direct
2016-07-06 Common Stock A 6259 $0.00 Acquired 46510 Direct
2016-07-06 Common Stock A 6057 $0.00 Acquired 52567 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-07-06 Stock Option $60.84 A 20665 Acquired 2026-07-05 Common Stock (20665) Direct
2016-07-06 Stock Option $60.84 A 76652 Acquired 2026-07-05 Common Stock (76652) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $24.21 2019-07-08 Common Stock (31647) 31647 Direct
Stock Option $26.02 2020-07-06 Common Stock (14893) 14893 Direct
Stock Option $31.34 2021-07-05 Common Stock (22156) 22156 Direct
Stock Option $31.63 2021-07-06 Common Stock (63000) 63000 Direct
Stock Option $31.65 2022-07-10 Common Stock (29450) 29450 Direct
Stock Option $38.48 2023-07-09 Common Stock (26956) 26956 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: Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F2: Grant of restricted stock, subject to vesting, based on achievement of multi-year performance metrics, 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.

F4: Grant of non-qualified stock options, subject to vesting based on achievement of multi-year performance metrics, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F5: Updated balance reflects cancellation of unvested options following Performance Period.