PAYCHEX INC — Director's Dealing 2020

Jan 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2019-11-05

Reporting Person: Gioja Michael E (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-05	Common Stock	G	596	$83.46	Disposed	70023	Direct
2020-01-10	Common Stock	M	4468	$26.02	Acquired	74491	Direct
2020-01-10	Common Stock	S	4468	$85.74	Disposed	70023	Direct
2020-01-10	Common Stock	M	16001	$31.34	Acquired	86024	Direct
2020-01-10	Common Stock	S	16001	$85.74	Disposed	70023	Direct
2020-01-10	Common Stock	M	29619	$31.63	Acquired	99642	Direct
2020-01-10	Common Stock	S	29619	$85.74	Disposed	70023	Direct
2020-01-13	Common Stock	M	17881	$31.63	Acquired	87904	Direct
2020-01-13	Common Stock	S	17881	$85.81	Disposed	70023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-10	Stock Option	$26.02	M	4468	Disposed	2020-07-06	Common Stock (4468)	Direct
2020-01-10	Stock Option	$31.34	M	16001	Disposed	2021-07-05	Common Stock (16001)	Direct
2020-01-10	Stock Option	$31.63	M	29619	Disposed	2021-07-06	Common Stock (29619)	Direct
2020-01-13	Stock Option	$31.63	M	17881	Disposed	2021-07-06	Common Stock (17881)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$47.32	2025-07-07	Common Stock (11719)	11719	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
Stock Option	$85.46	2029-07-09	Common Stock (34165)	34165	Direct

Footnotes

F1: Shares were gifted to the donor advised fund.