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: Gibson John B (Sr. VP, Service)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-10	Common Stock	A	2559	$0.00	Acquired	25566	Direct
2019-07-10	Common Stock	A	8306	$0.00	Acquired	33872	Direct
2019-07-11	Common Stock	S	301	$85.33	Disposed	33571	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-10	Stock Option	$85.46	A	34165	Acquired	2029-07-09	Common Stock (34165)	Direct

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
Stock Option	$69.54	2028-07-10	Common Stock (31653)	31653	Direct

F1: Award of restricted stock, 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.