SEC Form 4 · accession 0001209191-18-042141

PAYCHEX INC · PAYX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO & President · Director

Period of report

Dec 11, 2017

Accepted (ET)

Jul 10, 2018 · 4:13 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 Stock^F1	Dec 11, 2017	G	1,500	$69.01	D	276,754	D
Common Stock	Jul 6, 2018	M	50,000	$31.34	A	326,754	D
Common Stock	Jul 6, 2018	S	50,000	$69.60	D	276,754	D
Common Stock^F2	Jul 6, 2018	S	24,742	$69.79	D	252,012	D
Common Stock^F3	holding	—	—		—	4,283	I	401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option	$31.34	Jul 6, 2018	M	50,000	D	Jul 6, 2012	Jul 5, 2021	Common Stock	50,000	156,422	D
Stock Option	$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
Stock Option	$60.84	holding	—	—	—	Jul 6, 2017	Jul 5, 2026	Common Stock	208,590	208,590	D
Stock Option	$60.84	holding	—	—	—	Jul 6, 2017	Jul 5, 2026	Common Stock	294,812	294,812	D
Stock Option	$57.24	holding	—	—	—	Jul 12, 2018	Jul 11, 2027	Common Stock	214,482	214,482	D

F1Shares were gifted to the Mr. & Mrs. Martin Mucci Fund
F2Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.
F3401(k) balance as of June 1, 2018.