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: RIVERA EFRAIN (Sr. Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Common Stock	A	6069	$0.00	Acquired	85452	Direct
2021-07-15	Common Stock	A	10019	$10019.00	Acquired	95471	Direct
2021-07-15	Common Stock	S	2206	$112.67	Disposed	93265	Direct
2021-07-16	Common Stock	S	2900	$112.43	Disposed	90365	Direct
2021-07-16	Common Stock	M	42204	$69.54	Acquired	132569	Direct
2021-07-16	Common Stock	S	42204	$112.43	Disposed	90365	Direct
2021-07-16	Common Stock	M	29284	$85.46	Acquired	119649	Direct
2021-07-16	Common Stock	S	29284	$112.43	Disposed	90365	Direct
2021-07-16	Common Stock	M	16225	$73.53	Acquired	106590	Direct
2021-07-16	Common Stock	S	16225	$112.43	Disposed	90365	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-16	Stock Option	$69.54	M	42204	Disposed	2028-07-10	Common Stock (42204)	Direct
2021-07-16	Stock Option	$85.46	M	29284	Disposed	2029-07-09	Common Stock (29284)	Direct
2021-07-16	Stock Option	$73.53	M	16225	Disposed	2030-07-14	Common Stock (16225)	Direct
2021-07-15	Stock Option	$112.67	A	28064	Acquired	2031-07-14	Common Stock (28064)	Direct

Footnotes

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

F2: Award of restricted stock units, 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 units.