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Paychex Inc (PAYX)

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Insider Trading: Sales

Insider	Price	Amount	Total Value	Remaining Holdings	Date	Form 4
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
Inman Director	$30.01	4,700	$141,047.00	10,292	2012-05-04	Filing
Mucci Officer, Director	$31.01	15,000	$465,150.00	62,166	2012-04-16	Filing
Gioja Officer	$31.76	7,840	$248,998.40	13,979	2012-02-02	Filing
Mucci Officer, Director	$28.29	1,068	$30,213.72	62,166	2011-10-12	Filing
Mucci Officer, Director	$30.70	806	$24,744.20	63,234	2011-07-13	Filing
Morphy Officer	$30.70	806	$24,744.20	76,968	2011-07-13	Filing
Vossler Officer	$31.63	330	$10,437.90	10,321	2011-07-07	Filing
Vossler Officer	$31.34	103	$3,228.02	8,311	2011-07-06	Filing
Morphy Officer	$31.63	2,649	$83,787.87	77,774	2011-07-07	Filing
Morphy Officer	$31.34	580	$18,177.20	80,423	2011-07-06	Filing
Mucci Officer, Director	$31.63	600	$18,978.00	64,040	2011-07-07	Filing
Mucci Officer, Director	$31.34	580	$18,177.20	44,818	2011-07-06	Filing
Morphy Officer	$32.53	12,039	$391,628.67	81,003	2011-01-27	Filing
Morphy Officer	$32.51	3,961	$128,772.11	81,003	2011-01-27	Filing
Morphy Officer	$27.26	3,622	$98,735.72	84,964	2010-10-01	Filing