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: Bottini Mark Anthony (Sr. VP of Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-06	Common Stock	S	459	$56.97	Disposed	46548	Direct
2017-07-09	Common Stock	S	6680	$57.42	Disposed	39868	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	815	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$28.06	2021-10-17	Common Stock (35063)	35063	Direct
Stock Option	$28.06	2021-10-17	Common Stock (63750)	63750	Direct
Stock Option	$31.65	2022-07-10	Common Stock (58901)	58901	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 (43760)	43760	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.

F2: 401(k) balance as of June 1, 2017.