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: 2018-07-06

Reporting Person: Gibson John B (Sr. VP, Service)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-06	Common Stock	S	5222	$69.79	Disposed	16536	Direct
2018-07-09	Common Stock	M	47250	$36.66	Acquired	63786	Direct
2018-07-09	Common Stock	S	47250	$70.00	Disposed	16536	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-09	Stock Option	$36.66	M	47250	Disposed	2023-07-01	Common Stock (47250)	Direct

Holdings (Derivative)

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

Footnotes

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

F2: Exercise pursuant to Rule 10b5-1 Trading Plan.