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).
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)
07/10/2020
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 07/10/2020 A 13,880(1) A $0.00 76,404 D
Common Stock 07/10/2020 S 10,942(2) D $73.3 65,462 D
Common Stock 07/11/2020 A 8,305(3) A $0.00 73,767 D
Common Stock 06/01/2020 J 139 A $0.00 1,225(4) 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 $60.84 07/10/2020 J 34,087 07/06/2017 07/05/2026 Common Stock 34,087 $0.00 113,318(5) D
Stock Option $57.24 07/12/2018 07/11/2027 Common Stock 41,159 41,159 D
Stock Option $31.65 07/11/2013 07/10/2022 Common Stock 58,901 58,901 D
Stock Option $38.48 07/10/2014 07/09/2023 Common Stock 53,911 53,911 D
Stock Option $41.7 07/09/2015 07/08/2024 Common Stock 44,271 44,271 D
Stock Option $47.32 07/08/2016 07/07/2025 Common Stock 46,875 46,875 D
Stock Option $60.84 07/06/2017 07/05/2026 Common Stock 43,760 43,760 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
Explanation of Responses:
1. Grant of restricted stock from the 2016 LTIP award, based on achievement of multi-year performance metrics, pursuant to the Amended and Restated 2002 Stock Incentive Plan.
2. Disposition of shares to satisfy tax withholding obligations arising from lapse of restrictions applicable to restricted stock.
3. Award of restricted stock, subject to vesting, pursuant to the performance award under the Amended and Restated 2002 Stock Incentive Plan.
4. 401(k) balance as of June 1, 2020.
5. Updated balance reflects cancellation of unvested options following Performance Period.
Remarks:
Stephanie L. Schaeffer, Attorney-in-fact 07/14/2020
** 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.