PAYCHEX INC — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2020-02-20

Reporting Person: TUCCI JOSEPH M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	M	7686	$26.02	Acquired	58528	Direct
2020-02-20	Common Stock	S	7686	$89.49	Disposed	50842	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-20	Stock Option	$26.02	M	7686	Disposed	2020-07-06	Common Stock (7686)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$31.63	2021-07-06	Common Stock (11468)	11468	Direct
Stock Option	$31.50	2022-07-11	Common Stock (15052)	15052	Direct
Stock Option	$38.89	2023-07-10	Common Stock (12156)	12156	Direct
Stock Option	$41.70	2024-07-08	Common Stock (10850)	10850	Direct
Stock Option	$47.43	2025-07-08	Common Stock (11489)	11489	Direct
Stock Option	$60.59	2026-07-06	Common Stock (10220)	10220	Direct
Stock Option	$57.20	2027-07-12	Common Stock (9615)	9615	Direct
Stock Option	$70.37	2028-07-11	Common Stock (8641)	8641	Direct
Stock Option	$85.33	2029-07-10	Common Stock (7929)	7929	Direct

Footnotes

F1: Exercise of stock options approaching 10-year expiration date.