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PAYCHEX INC Director's Dealing 2016

Jul 8, 2016

30035_dirs_2016-07-08_7e60e481-0602-45a9-bb02-171eda471556.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: Gioja Michael E (Sr. Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-07-06 Common Stock A 2849 $0.00 Acquired 52116 Direct
2016-07-06 Common Stock A 12037 $0.00 Acquired 64153 Direct
2016-07-06 Common Stock A 12113 $0.00 Acquired 76266 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-07-06 Stock Option $60.84 A 41329 Acquired 2026-07-05 Common Stock (41329) Direct
2016-07-06 Stock Option $60.84 A 147405 Acquired 2026-07-05 Common Stock (147405) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $26.77 2018-11-09 Common Stock (2400) 2400 Direct
Stock Option $24.21 2019-07-08 Common Stock (7840) 7840 Direct
Stock Option $26.02 2020-07-06 Common Stock (4468) 4468 Direct
Stock Option $31.34 2021-07-05 Common Stock (22191) 22191 Direct
Stock Option $31.63 2021-07-06 Common Stock (157500) 157500 Direct
Stock Option $31.65 2022-07-10 Common Stock (24726) 24726 Direct
Stock Option $38.48 2023-07-09 Common Stock (53911) 53911 Direct
Stock Option $41.70 2024-07-08 Common Stock (44271) 44271 Direct
Stock Option $47.32 2025-07-07 Common Stock (46875) 46875 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.