PAYCHEX INC - Director's Dealing 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2018-07-11

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-11	Common Stock	A	2658	$0.00	Acquired	58090	Direct
2018-07-11	Common Stock	A	7044	$0.00	Acquired	65134	Direct
2018-07-12	Common Stock	S	515	$70.37	Disposed	64619	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-11	Stock Option	$69.54	A	31653	Acquired	2028-07-10	Common Stock (31653)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (47500)	47500	Direct
Stock Option	$38.48	2023-07-09	Common Stock (22000)	22000	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
Stock Option	$57.24	2027-07-11	Common Stock (41159)	41159	Direct

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.

F3: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.