PAYCHEX INC — Director's Dealing 2017

Jul 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2017-07-06

Reporting Person: Gioja Michael E (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-06	Common Stock	S	352	$56.97	Disposed	55632	Direct
2017-07-06	Common Stock	S	6991	$57.42	Disposed	48641	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 (16001)	16001	Direct
Stock Option	$31.63	2021-07-06	Common Stock (157500)	157500	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
Stock Option	$60.84	2026-07-05	Common Stock (41329)	41329	Direct
Stock Option	$60.84	2026-07-05	Common Stock (147405)	147405	Direct

Footnotes

F1: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.