PAYCHEX INC — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2021-12-08

Reporting Person: MUCCI MARTIN (Director, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-08	Common Stock	S	3219	$123.04	Disposed	442166	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4635	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$38.48	2023-07-09	Common Stock (150000)	150000	Direct
Stock Option	$41.70	2024-07-08	Common Stock (195313)	195313	Direct
Stock Option	$47.32	2025-07-07	Common Stock (206801)	206801	Direct
Stock Option	$60.84	2026-07-05	Common Stock (208590)	208590	Direct
Stock Option	$60.84	2026-07-05	Common Stock (226636)	226636	Direct
Stock Option	$57.24	2027-07-11	Common Stock (214482)	214482	Direct
Stock Option	$69.54	2028-07-10	Common Stock (179191)	179191	Direct
Stock Option	$85.46	2029-07-09	Common Stock (195228)	195228	Direct
Stock Option	$73.53	2030-07-14	Common Stock (195428)	195428	Direct
Stock Option	$112.67	2031-07-14	Common Stock (108086)	108086	Direct

Footnotes

F1: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.