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).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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
Officer (give title below) X Other (specify below)
Chairman
3. Date of Earliest Transaction (Month/Day/Year)
10/19/2023
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 10/19/2023 F 2,290(1) D $118.19 437,345 D
Common Stock 4,867 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 $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
Stock Option $73.53 07/15/2021 07/14/2030 Common Stock 195,428 195,428 D
Stock Option $112.67 07/15/2022 07/14/2031 Common Stock 108,086 108,086 D
Stock Option $109.19 10/15/2023 10/14/2032 Common Stock 3,299 3,299 D
Stock Option $120.86 07/15/2024 07/14/2033 Common Stock 3,985 3,985 D
Explanation of Responses:
1. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.
Remarks:
Stephanie L. Schaeffer, Attorney-in-fact 10/23/2023
** 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.
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