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: Bottini Mark Anthony (Sr. VP of Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-10	Common Stock	A	13880	$0.00	Acquired	76404	Direct
2020-07-10	Common Stock	S	10942	$73.30	Disposed	65462	Direct
2020-07-11	Common Stock	A	8305	$0.00	Acquired	73767	Direct
2020-06-01	Common Stock	J	139	$0.00	Acquired	1225	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-10	Stock Option	$60.84	J	34087	Disposed	2026-07-05	Common Stock (34087)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$57.24	2027-07-11	Common Stock (41159)	41159	Direct
Stock Option	$31.65	2022-07-10	Common Stock (58901)	58901	Direct
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 (43760)	43760	Direct
Stock Option	$69.54	2028-07-10	Common Stock (31653)	31653	Direct
Stock Option	$85.46	2029-07-09	Common Stock (34165)	34165	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: 401(k) balance as of June 1, 2020.

F5: Updated balance reflects cancellation of unvested options following Performance Period.