FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Schaeffer Stephanie L
 2. Date of Event Requiring Statement (Month/Day/Year)
10/16/2013		 3. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [PAYX]
(Last)
(First)
(Middle)
911 PANORAMA TRAIL SOUTH		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CLO, Secretary
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ROCHESTER, NY 14625		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 27,884
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option 07/07/2006 07/07/2015 Common Stock 9,000 $ 33.68 D  
Stock Option 07/13/2007 07/13/2016 Common Stock 12,000 $ 36.87 D  
Stock Option 07/17/2008 07/17/2017 Common Stock 12,000 $ 43.91 D  
Stock Option 07/10/2009 07/09/2018 Common Stock 14,713 $ 31.95 D  
Stock Option 07/10/2009 07/09/2018 Common Stock 4,662 $ 31.95 D  
Stock Option 07/09/2010 07/08/2019 Common Stock 31,647 $ 24.21 D  
Stock Option 07/07/2011 07/06/2020 Common Stock 14,893 $ 26.02 D  
Stock Option 07/06/2012 07/05/2021 Common Stock 22,156 $ 31.34 D  
Stock Option 07/07/2014 07/06/2021 Common Stock 100,000 $ 31.63 D  
Stock Option 07/11/2013 07/10/2022 Common Stock 29,450 $ 31.65 D  
Stock Option 07/10/2014 07/09/2023 Common Stock 26,956 $ 38.48 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schaeffer Stephanie L
911 PANORAMA TRAIL SOUTH
ROCHESTER, NY 14625		       CLO, Secretary  

Signatures

Stephanie L. Schaeffer 10/22/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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.

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