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: Gioja Michael E (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Common Stock	A	5249	$0.00	Acquired	55088	Direct
2021-07-15	Common Stock	A	7793	$0.00	Acquired	62881	Direct
2021-07-15	Common Stock	S	1941	$112.67	Disposed	60940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-15	Stock Option	$112.67	A	24272	Acquired	2031-07-14	Common Stock (24272)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$60.84	2026-07-05	Common Stock (41329)	41329	Direct
Stock Option	$60.84	2026-07-05	Common Stock (66068)	66068	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
Stock Option	$73.53	2030-07-14	Common Stock (39823)	39823	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.