SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MUCCI MARTIN

(Last) (First) (Middle)
911 PANORAMA TRAIL S.

(Street)
ROCHESTER NY 14625

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO & President
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/15/2020 A 53,760(1) A $0.00 419,197 D
Common Stock 07/17/2020 M 56,422 A $31.34 475,619 D
Common Stock 07/17/2020 S 56,422 D $73.05 419,197 D
Common Stock 07/17/2020 M 50,000 A $31.65 469,197 D
Common Stock 07/17/2020 S 50,000 D $73.05 419,197 D
Common Stock 4,543 I 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $31.34 07/17/2020 M 56,422 07/06/2012 07/05/2021 Common Stock 56,422 $0.00 0 D
Stock Option $31.65 07/17/2020 M 50,000 07/11/2013 07/10/2022 Common Stock 50,000 $0.00 224,869 D
Stock Option $73.53 07/15/2020 A 195,428 07/15/2021 07/14/2030 Common Stock 195,428 $73.53 195,428 D
Stock Option $38.48 07/10/2014 07/09/2023 Common Stock 237,844 237,844 D
Stock Option $41.7 07/09/2015 07/08/2024 Common Stock 195,313 195,313 D
Stock Option $47.32 07/08/2016 07/07/2025 Common Stock 206,801 206,801 D
Stock Option $60.84 07/06/2017 07/05/2026 Common Stock 208,590 208,590 D
Stock Option $60.84 07/06/2017 07/05/2026 Common Stock 226,636 226,636 D
Stock Option $57.24 07/12/2018 07/11/2027 Common Stock 214,482 214,482 D
Stock Option $69.54 07/11/2019 07/10/2028 Common Stock 179,191 179,191 D
Stock Option $85.46 07/10/2020 07/09/2029 Common Stock 195,228 195,228 D
Explanation of Responses:
1. Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
Remarks:
Stephanie L. Schaeffer, Attorney-in-fact 07/17/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.