Sec Form 4 Filing - KUCHTA WILLIAM G @ PAYCHEX INC - 2010-07-07

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KUCHTA WILLIAM G 2. Issuer Name and Ticker or Trading Symbol PAYCHEX INC [ PAYX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Vice President (Last) (First) (Middle) 911 PANORAMA TRAIL S. 3. Date of Earliest Transaction (MM/DD/YY) 07/07/2010 (Street) ROCHESTER, NY14625 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 07/07/2010 A 10,966 ( 1 ) A $ 0 32,886 D Common Stock 757 I IRA

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 $ 42.688 07/13/2002 07/13/2010 Common Stock 12,000 12,000 D Stock Option $ 40.86 07/12/2003 07/12/2011 Common Stock 8,000 8,000 D Stock Option $ 28.14 07/11/2004 07/11/2012 Common Stock 15,000 15,000 D Stock Option $ 29.55 07/10/2005 07/10/2013 Common Stock 8,000 8,000 D Stock Option $ 31.79 07/08/2006 07/08/2014 Common Stock 12,000 12,000 D Stock Option $ 33.68 07/07/2006 07/07/2015 Common Stock 25,000 25,000 D Stock Option $ 36.87 07/13/2007 07/13/2016 Common Stock 15,000 15,000 D Stock Option $ 43.91 07/17/2008 07/17/2017 Common Stock 15,000 15,000 D Stock Option $ 31.95 07/10/2009 07/09/2018 Common Stock 18,391 18,391 D Stock Option $ 31.95 07/10/2009 07/09/2018 Common Stock 5,828 5,828 D Stock Option $ 24.21 07/09/2010 07/08/2019 Common Stock 31,647 31,647 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KUCHTA WILLIAM G 911 PANORAMA TRAIL S. ROCHESTER, NY14625 Vice President Signatures Stephanie L. Schaeffer, Attorney-in-fact 07/09/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Award of restricted stock, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.

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).

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