Sec Form 4 Filing - RIVERA EFRAIN @ PAYCHEX INC - 2021-07-15

Insider filing report for Changes in Beneficial Ownership
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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
RIVERA EFRAIN
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)
Sr. Vice President, CFO
(Last) (First) (Middle)
911 PANORAMA TRAIL S
3. Date of Earliest Transaction (MM/DD/YY)
07/15/2021
(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 07/15/2021 A 6,069 ( 1 ) A $ 0 85,452 D
Common Stock 07/15/2021 A 10,019 ( 2 ) A $ 10,019 95,471 D
Common Stock 07/15/2021 S 2,206 ( 3 ) D $ 112.67 93,265 D
Common Stock 07/16/2021 S 2,900 D $ 112.43 90,365 D
Common Stock 07/16/2021 M 42,204 A $ 69.54 132,569 D
Common Stock 07/16/2021 S 42,204 D $ 112.43 90,365 D
Common Stock 07/16/2021 M 29,284 A $ 85.46 119,649 D
Common Stock 07/16/2021 S 29,284 D $ 112.43 90,365 D
Common Stock 07/16/2021 M 16,225 A $ 73.53 106,590 D
Common Stock 07/16/2021 S 16,225 D $ 112.43 90,365 D
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 $ 69.54 07/16/2021 M 42,204 07/11/2019 07/10/2028 Common Stock 42,204 $ 0 0 D
Stock Option $ 85.46 07/16/2021 M 29,284 07/10/2020 07/09/2029 Common Stock 29,284 $ 0 14,642 D
Stock Option $ 73.53 07/16/2021 M 16,225 07/15/2021 07/14/2030 Common Stock 16,225 $ 0 32,448 D
Stock Option $ 112.67 07/15/2021 A 28,064 07/15/2022 07/14/2031 Common Stock 28,064 $ 112.67 28,064 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RIVERA EFRAIN
911 PANORAMA TRAIL S
ROCHESTER, NY14625
Sr. Vice President, CFO
Signatures
Stephanie L. Schaeffer, Attorney-in-fact 07/19/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Award of restricted stock units, subject to vesting, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
( 2 )Award of restricted stock units, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.
( 3 )Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.

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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