PAYCHEX INC — Director's Dealing 2020

Jul 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2020-07-10

Reporting Person: Zaucha Laurie L. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-10	Common Stock	A	7217	$0.00	Acquired	49443	Direct
2020-07-10	Common Stock	S	5639	$73.30	Disposed	43804	Direct
2020-07-11	Common Stock	A	4152	$0.00	Acquired	47956	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-10	Stock Option	$60.84	J	17726	Disposed	2026-07-05	Common Stock (17726)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$60.84	2026-07-05	Common Stock (20665)	20665	Direct
Stock Option	$57.24	2027-07-11	Common Stock (6860)	6860	Direct
Stock Option	$69.54	2028-07-10	Common Stock (15826)	15826	Direct
Stock Option	$85.46	2029-07-09	Common Stock (17896)	17896	Direct

Footnotes

F1: Grant of restricted stock from the 2016 LTIP award, based on achievement of multi-year performance metrics, pursuant to the Amended and Restated 2002 Stock Incentive Plan

F2: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.

F3: Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.

F4: Updated balance reflects cancellation of unvested options following Performance Period.