PAYCHEX INC — Director's Dealing 2021

Jul 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYCHEX INC (PAYX)
CIK: 0000723531
Period of Report: 2021-07-15

Reporting Person: Schrader Robert L. (VP/Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Common Stock	A	1968	$0.00	Acquired	10706	Direct
2021-07-15	Common Stock	A	2969	$0.00	Acquired	13675	Direct
2021-07-15	Common Stock	S	578	$112.67	Disposed	13097	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-15	Stock Option	$112.67	A	9102	Acquired	2031-07-14	Common Stock (9102)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	292	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$85.46	2029-07-09	Common Stock (13015)	13015	Direct
Stock Option	$73.53	2030-07-14	Common Stock (16519)	16519	Direct

Footnotes

F1: Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

F2: Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.

F3: Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.