PAYCHEX INC — Director's Dealing 2019

Jul 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2019-07-10

Reporting Person: Zaucha Laurie L. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-10	Common Stock	A	1341	$0.00	Acquired	38403	Direct
2019-07-10	Common Stock	A	4153	$0.00	Acquired	42556	Direct
2019-07-11	Common Stock	S	151	$85.33	Disposed	42405	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-10	Stock Option	$85.46	A	17896	Acquired	2029-07-09	Common Stock (17896)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$47.32	2025-07-07	Common Stock (5860)	5860	Direct
Stock Option	$60.84	2026-07-05	Common Stock (20665)	20665	Direct
Stock Option	$60.84	2026-07-05	Common Stock (76652)	76652	Direct
Stock Option	$57.24	2027-07-11	Common Stock (20579)	20579	Direct
Stock Option	$69.54	2028-07-10	Common Stock (15826)	15826	Direct

Footnotes

F1: Award of restricted stock, subject to vesting, pursuant to the performance award under 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.