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PAYCHEX INC — Director's Dealing 2016
Jul 8, 2016
30035_dirs_2016-07-08_48937e09-7019-49c6-85c4-90764e214fdd.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: MUCCI MARTIN (Director, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-06 | Common Stock | A | 14377 | $0.00 | Acquired | 246516 | Direct |
| 2016-07-06 | Common Stock | A | 24075 | $0.00 | Acquired | 270591 | Direct |
| 2016-07-06 | Common Stock | A | 53439 | $0.00 | Acquired | 324030 | Direct |
| 2016-07-07 | Common Stock | M | 40000 | $31.95 | Acquired | 364030 | Direct |
| 2016-07-07 | Common Stock | S | 40000 | $60.63 | Disposed | 324030 | Direct |
| 2016-07-07 | Common Stock | M | 12675 | $31.95 | Acquired | 336705 | Direct |
| 2016-07-07 | Common Stock | S | 12675 | $60.63 | Disposed | 324030 | Direct |
| 2016-07-07 | Common Stock | M | 13290 | $24.21 | Acquired | 337320 | Direct |
| 2016-07-07 | Common Stock | S | 13290 | $60.63 | Disposed | 324030 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-07 | Stock Option | $31.95 | M | 40000 | Disposed | 2018-07-09 | Common Stock (40000) | Direct |
| 2016-07-07 | Stock Option | $31.95 | M | 12675 | Disposed | 2018-07-09 | Common Stock (12675) | Direct |
| 2016-07-07 | Stock Option | $24.21 | M | 13290 | Disposed | 2019-07-08 | Common Stock (13290) | Direct |
| 2016-07-06 | Stock Option | $60.84 | A | 208590 | Acquired | 2026-07-05 | Common Stock (208590) | Direct |
| 2016-07-06 | Stock Option | $60.84 | A | 294812 | Acquired | 2026-07-05 | Common Stock (294812) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4042 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $43.91 | 2017-07-17 | Common Stock (30000) | 30000 | Direct |
| Stock Option | $26.02 | 2020-07-06 | Common Stock (29786) | 29786 | Direct |
| Stock Option | $31.34 | 2021-07-05 | Common Stock (206422) | 206422 | Direct |
| Stock Option | $31.63 | 2021-07-06 | Common Stock (315000) | 315000 | Direct |
| Stock Option | $31.65 | 2022-07-10 | Common Stock (274869) | 274869 | Direct |
| Stock Option | $38.48 | 2023-07-09 | Common Stock (237844) | 237844 | Direct |
| Stock Option | $41.70 | 2024-07-08 | Common Stock (195313) | 195313 | Direct |
| Stock Option | $47.32 | 2025-07-07 | Common Stock (206801) | 206801 | 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: 401(k) balance as of June 1, 2016.
F5: 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.
F6: Updated balance reflects cancellation of unvested options following Performance Period.