PAYCHEX INC - Director's Dealing 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: MUCCI MARTIN (Director, CEO & President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-10	Common Stock	A	14625	$0.00	Acquired	292795	Direct
2019-07-10	Common Stock	A	43284	$0.00	Acquired	336079	Direct
2019-07-11	Common Stock	S	2456	$85.33	Disposed	333623	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-10	Stock Option	$85.46	A	195228	Acquired	2029-07-09	Common Stock (195228)	Direct

Security	Shares	Ownership
Common Stock	4385	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.34	2021-07-05	Common Stock (56422)	56422	Direct
Stock Option	$31.63	2021-07-06	Common Stock (315000)	315000	Direct
Stock Option	$31.65	2022-07-10	Common Stock (274869)	274869	Direct
Stock Option	$38.48	2023-07-09	Common Stock (237844)	237844	Direct
Stock Option	$41.70	2024-07-08	Common Stock (195313)	195313	Direct
Stock Option	$47.32	2025-07-07	Common Stock (206801)	206801	Direct
Stock Option	$60.84	2026-07-05	Common Stock (208590)	208590	Direct
Stock Option	$60.84	2026-07-05	Common Stock (294812)	294812	Direct
Stock Option	$57.24	2027-07-11	Common Stock (214482)	214482	Direct
Stock Option	$69.54	2028-07-10	Common Stock (179191)	179191	Direct

F1: Award of restricted stock units, 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.