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Paychex Inc (PAYX)

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Insider Trading: Sales

Insider	Price	Amount	Total Value	Remaining Holdings	Date	Form 4
Gioja Officer	$31.09	8,936	$277,820.24	26,898	2012-12-28	Filing
Gioja Officer	$31.09	7,839	$243,714.51	26,898	2012-12-28	Filing
Gioja Officer	$31.09	9,600	$298,464.00	26,898	2012-12-28	Filing
Bottini Officer	$33.07	768	$25,397.76	11,674	2012-10-17	Filing
Mucci Officer, Director	$32.63	1,318	$43,006.34	119,543	2012-10-12	Filing
Horsley Director	$33.25	10,000	$332,500.00	103,484	2012-10-08	Filing
Horsley Director	$33.25	9,485	$315,376.25	103,484	2012-10-08	Filing
Horsley Director	$33.35	515	$17,175.25	103,484	2012-10-08	Filing
Horsley Director	$33.25	2,084	$69,293.00	103,484	2012-10-08	Filing
Mucci Officer, Director	$32.49	1,604	$52,113.96	120,861	2012-07-17	Filing
Mucci Officer, Director	$31.15	2,384	$74,261.60	59,185	2012-07-07	Filing
Mucci Officer, Director	$31.15	597	$18,596.55	61,569	2012-07-06	Filing
Rivera Officer	$31.15	513	$15,979.95	3,749	2012-07-06	Filing
Gioja Officer	$31.15	359	$11,182.85	13,107	2012-07-07	Filing
Gioja Officer	$31.15	513	$15,979.95	13,466	2012-07-06	Filing
Hill Officer	$31.15	359	$11,182.85	13,228	2012-07-07	Filing
Hill Officer	$31.15	307	$9,563.05	13,587	2012-07-06	Filing
Vossler Officer	$31.15	329	$10,248.35	9,759	2012-07-07	Filing
Vossler Officer	$31.15	282	$8,784.30	10,088	2012-07-06	Filing
Horsley Director	$31.76	5,000	$158,800.00	101,652	2012-07-05	Filing