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PAYCHEX INC Director's Dealing 2016

Jun 21, 2016

30035_dirs_2016-06-21_cecce361-5fff-4103-8b90-1c373f5231f7.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: 2016-06-20

Reporting Person: Zaucha Laurie L. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-20	Common Stock	M	13500	$31.63	Acquired	44319	Direct
2016-06-20	Common Stock	S	13500	$55.50	Disposed	30819	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-20	Stock Option	$31.63	M	13500	Disposed	2021-07-06	Common Stock (13500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$41.70	2024-07-08	Common Stock (22135)	22135	Direct
Stock Option	$31.65	2022-07-10	Common Stock (19634)	19634	Direct
Stock Option	$38.48	2023-07-09	Common Stock (29651)	29651	Direct
Stock Option	$47.32	2025-07-07	Common Stock (23438)	23438	Direct

Footnotes

F1: Exercise pursuant to Rule 10b5-1 Trading Plan.