PAYCHEX INC - Director's Dealing 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2020-07-15

Reporting Person: RIVERA EFRAIN (Sr. Vice President, CFO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-15	Common Stock	M	28482	$47.32	Acquired	99634	Direct
2020-07-15	Common Stock	S	28482	$73.35	Disposed	71152	Direct
2020-07-15	Common Stock	A	13389	$0.00	Acquired	84541	Direct
2020-07-15	Common Stock	A	21089	$0.00	Acquired	105630	Direct
2020-07-15	Common Stock	S	10328	$73.53	Disposed	95302	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-15	Stock Option	$47.32	M	28482	Disposed	2025-07-07	Common Stock (28482)	Direct
2020-07-15	Stock Option	$73.53	A	48673	Acquired	2030-07-14	Common Stock (48673)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$60.84	2026-07-05	Common Stock (48622)	48622	Direct
Stock Option	$60.84	2026-07-05	Common Stock (113318)	113318	Direct
Stock Option	$57.24	2027-07-11	Common Stock (54878)	54878	Direct
Stock Option	$69.54	2028-07-10	Common Stock (42204)	42204	Direct
Stock Option	$85.46	2029-07-09	Common Stock (43926)	43926	Direct

F1: Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F2: Grant of performance-based restricted stock pursuant to 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.