Form 4 - Statement of changes in beneficial ownership of securities

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Bottini Mark Anthony (Last) (First) (Middle) 911 PANORAMA TRAIL SOUTH (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) Director 10% Owner X Officer (give title below) Other (specify below) Sr. VP of Sales
	3. Date of Earliest Transaction (Month/Day/Year) 10/16/2024
	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	10/16/2024		M		46,875(1)	A	$47.32	126,621	D
Common Stock	10/16/2024		S		35,318	D	$141.71	91,303	D
Common Stock	10/16/2024		S		11,557	D	$142.34	79,746	D
Common Stock	10/16/2024		F		386(3)	D	$142.28	79,360	D
Common Stock								1,668	I	401(k)
Common Stock ESPP								27(2)	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 (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	10/16/2024		M			46,875	07/08/2016	07/07/2025	Common Stock	46,875	$0	0	D
Stock Option	$60.84							07/06/2017	07/05/2026	Common Stock	43,760		43,760	D
Stock Option	$60.84							07/06/2017	07/05/2026	Common Stock	113,318		113,318	D
Stock Option	$57.24							07/12/2018	07/11/2027	Common Stock	41,159		41,159	D
Stock Option	$69.54							07/11/2019	07/10/2028	Common Stock	31,653		31,653	D
Stock Option	$85.46							07/10/2020	07/09/2029	Common Stock	34,165		34,165	D
Stock Option	$73.53							07/15/2021	07/14/2030	Common Stock	39,823		39,823	D
Stock Option	$112.67							07/15/2022	07/14/2031	Common Stock	22,755		22,755	D
Stock Option	$115							07/15/2023	07/14/2032	Common Stock	17,563		17,563	D
Stock Option	$120.86							07/15/2024	07/14/2033	Common Stock	19,904		19,904	D
Stock Option	$121.63							07/15/2025	07/14/2034	Common Stock	19,787		19,787	D

Explanation of Responses:

1. Exercise of stock options approaching 10-year expiration date.

2. ESPP balance as of 9/30/2024.

3. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock units.

	Prabha S. Bhandari, Attorney-in-fact	10/18/2024
	** 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.

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