PAYCHEX INC — Director's Dealing 2018

Jul 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: RIVERA EFRAIN (Sr. Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-12	Common Stock	G	4347	$69.02	Disposed	57008	Direct
2018-07-06	Common Stock	S	3902	$69.79	Disposed	53106	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.34	2021-07-05	Common Stock (44381)	44381	Direct
Stock Option	$31.63	2021-07-06	Common Stock (157500)	157500	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 (48622)	48622	Direct
Stock Option	$60.84	2026-07-05	Common Stock (147405)	147405	Direct
Stock Option	$57.24	2027-07-11	Common Stock (54878)	54878	Direct

Footnotes

F1: Shares were gifted to The Rivera Charitable Fund.

F2: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.