PAYCHEX INC — Director's Dealing 2017

Jul 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2017-07-12

Reporting Person: Zaucha Laurie L. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-12	Common Stock	A	1576	$0.00	Acquired	31770	Direct
2017-07-12	Common Stock	A	4590	$0.00	Acquired	36360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-12	Stock Option	$57.24	A	20579	Acquired	2027-07-11	Common Stock (20579)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$60.84	2026-07-05	Common Stock (76652)	76652	Direct
Stock Option	$31.63	2021-07-06	Common Stock (39500)	39500	Direct
Stock Option	$31.65	2022-07-10	Common Stock (7854)	7854	Direct
Stock Option	$38.48	2023-07-09	Common Stock (14826)	14826	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
Stock Option	$60.84	2026-07-05	Common Stock (20665)	20665	Direct

Footnotes

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

F2: Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.