PAYCHEX INC — Director's Dealing 2016

Jul 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: TUCCI JOSEPH M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-07	Common Stock	A	1089	$0.00	Acquired	45262	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-07	Stock Option	$60.59	A	10220	Acquired	2026-07-06	Common Stock (10220)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$36.87	2016-07-13	Common Stock (6000)	6000	Direct
Stock Option	$43.91	2017-07-17	Common Stock (6000)	6000	Direct
Stock Option	$31.95	2018-07-09	Common Stock (6250)	6250	Direct
Stock Option	$24.21	2019-07-08	Common Stock (6250)	6250	Direct
Stock Option	$26.02	2020-07-06	Common Stock (7686)	7686	Direct
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
Stock Option	$47.43	2025-07-08	Common Stock (11489)	11489	Direct

Footnotes

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