SEC Form 4 · accession 0001209191-16-132144
PAYCHEX INC · PAYX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Mucci
Officer — CEO & President · Director
Period of report
Jul 6, 2016
Accepted (ET)
Jul 8, 2016 · 3:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723531
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 6, 2016 | A | 14,377 | $0.00 | A | 246,516 | D | |
| Common StockF2 | Jul 6, 2016 | A | 24,075 | $0.00 | A | 270,591 | D | |
| Common StockF3 | Jul 6, 2016 | A | 53,439 | $0.00 | A | 324,030 | D | |
| Common Stock | Jul 7, 2016 | M | 40,000 | $31.95 | A | 364,030 | D | |
| Common Stock | Jul 7, 2016 | S | 40,000 | $60.63 | D | 324,030 | D | |
| Common Stock | Jul 7, 2016 | M | 12,675 | $31.95 | A | 336,705 | D | |
| Common Stock | Jul 7, 2016 | S | 12,675 | $60.63 | D | 324,030 | D | |
| Common Stock | Jul 7, 2016 | M | 13,290 | $24.21 | A | 337,320 | D | |
| Common Stock | Jul 7, 2016 | S | 13,290 | $60.63 | D | 324,030 | D | |
| Common StockF4 | holding | — | — | — | 4,042 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $31.95 | Jul 7, 2016 | M | 40,000 | D | Jul 10, 2009 | Jul 9, 2018 | Common Stock | 40,000 | 0 | D |
| Stock Option | $31.95 | Jul 7, 2016 | M | 12,675 | D | Jul 10, 2009 | Jul 9, 2018 | Common Stock | 12,675 | 0 | D |
| Stock Option | $24.21 | Jul 7, 2016 | M | 13,290 | D | Jul 9, 2010 | Jul 8, 2019 | Common Stock | 13,290 | 0 | D |
| Stock Option | $60.84 | Jul 6, 2016 | A | 208,590 | A | Jul 6, 2017 | Jul 5, 2026 | Common Stock | 208,590 | 208,590 | D |
| Stock OptionF5 | $60.84 | Jul 6, 2016 | A | 294,812 | A | Jul 6, 2017 | Jul 5, 2026 | Common Stock | 294,812 | 294,812 | D |
| Stock Option | $43.91 | holding | — | — | — | Jul 17, 2008 | Jul 17, 2017 | Common Stock | 30,000 | 30,000 | D |
| Stock Option | $26.02 | holding | — | — | — | Jul 7, 2011 | Jul 6, 2020 | Common Stock | 29,786 | 29,786 | D |
| Stock Option | $31.34 | holding | — | — | — | Jul 6, 2012 | Jul 5, 2021 | Common Stock | 206,422 | 206,422 | D |
| Stock OptionF6 | $31.63 | holding | — | — | — | Jul 7, 2014 | Jul 6, 2021 | Common Stock | 315,000 | 315,000 | D |
| Stock Option | $31.65 | holding | — | — | — | Jul 11, 2013 | Jul 10, 2022 | Common Stock | 274,869 | 274,869 | D |
| Stock Option | $38.48 | holding | — | — | — | Jul 10, 2014 | Jul 9, 2023 | Common Stock | 237,844 | 237,844 | D |
| Stock Option | $41.70 | holding | — | — | — | Jul 9, 2015 | Jul 8, 2024 | Common Stock | 195,313 | 195,313 | D |
| Stock Option | $47.32 | holding | — | — | — | Jul 8, 2016 | Jul 7, 2025 | Common Stock | 206,801 | 206,801 | D |
Explanation of responses
- F1Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
- F2Grant of restricted stock, subject to vesting, based on achievement of multi-year performance metrics, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
- F3Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.
- F4401(k) balance as of June 1, 2016.
- F5Grant of non-qualified stock options, subject to vesting based on achievement of multi-year performance metrics, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
- F6Updated balance reflects cancellation of unvested options following Performance Period.