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Paychex Inc (PAYX)

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Insider Trading: Sales

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Horsley	$33.35	515	Director	103,484	2012-10-08	Filing
Horsley	$33.25	2,084	Director	103,484	2012-10-08	Filing
Mucci	$32.49	1,604	Officer, Director	120,861	2012-07-17	Filing
Mucci	$31.15	2,384	Officer, Director	59,185	2012-07-07	Filing
Mucci	$31.15	597	Officer, Director	61,569	2012-07-06	Filing
Rivera	$31.15	513	Officer	3,749	2012-07-06	Filing
Gioja	$31.15	359	Officer	13,107	2012-07-07	Filing
Gioja	$31.15	513	Officer	13,466	2012-07-06	Filing
Hill	$31.15	359	Officer	13,228	2012-07-07	Filing
Hill	$31.15	307	Officer	13,587	2012-07-06	Filing
Vossler	$31.15	329	Officer	9,759	2012-07-07	Filing
Vossler	$31.15	282	Officer	10,088	2012-07-06	Filing
Horsley	$31.76	5,000	Director	101,652	2012-07-05	Filing
Inman	$30.01	4,700	Director	10,292	2012-05-04	Filing
Mucci	$31.01	15,000	Officer, Director	62,166	2012-04-16	Filing
Gioja	$31.76	7,840	Officer	13,979	2012-02-02	Filing
Mucci	$28.29	1,068	Officer, Director	62,166	2011-10-12	Filing
Mucci	$30.70	806	Officer, Director	63,234	2011-07-13	Filing
Morphy	$30.70	806	Officer	76,968	2011-07-13	Filing
Vossler	$31.63	330	Officer	10,321	2011-07-07	Filing