PAYCHEX INC — Director's Dealing 2018

Jan 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2018-01-16

Reporting Person: Vossler Jennifer R. (VP/Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-16	Common Stock	M	6383	$26.02	Acquired	31578	Direct
2018-01-16	Common Stock	S	6383	$68.29	Disposed	25195	Direct
2018-01-16	Common Stock	M	3617	$31.34	Acquired	28812	Direct
2018-01-16	Common Stock	S	3617	$68.29	Disposed	25195	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-16	Stock Option	$26.02	M	6383	Disposed	2020-07-06	Common Stock (6383)	Direct
2018-01-16	Stock Option	$31.34	M	3617	Disposed	2021-07-05	Common Stock (3617)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	874	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.63	2021-07-06	Common Stock (63000)	63000	Direct
Stock Option	$31.65	2022-07-10	Common Stock (29450)	29450	Direct
Stock Option	$38.48	2023-07-09	Common Stock (26956)	26956	Direct
Stock Option	$41.70	2024-07-08	Common Stock (22135)	22135	Direct
Stock Option	$47.32	2025-07-07	Common Stock (23438)	23438	Direct
Stock Option	$60.84	2026-07-05	Common Stock (24311)	24311	Direct
Stock Option	$60.84	2026-07-05	Common Stock (76652)	76652	Direct
Stock Option	$57.24	2027-07-11	Common Stock (19436)	19436	Direct