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Paychex Inc (PAYX)

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Insider Trading: Sales

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Vossler	$31.34	103	Officer	8,311	2011-07-06	Filing
Morphy	$31.63	2,649	Officer	77,774	2011-07-07	Filing
Morphy	$31.34	580	Officer	80,423	2011-07-06	Filing
Mucci	$31.63	600	Officer, Director	64,040	2011-07-07	Filing
Mucci	$31.34	580	Officer, Director	44,818	2011-07-06	Filing
Morphy	$32.53	12,039	Officer	81,003	2011-01-27	Filing
Morphy	$32.51	3,961	Officer	81,003	2011-01-27	Filing
Morphy	$27.26	3,622	Officer	84,964	2010-10-01	Filing
Humenik	$27.17	464	Officer	12,181	2010-09-28	Filing
Judge	$26.12	5,136	Director	139,743	2010-08-02	Filing
Judge	$26.12	5,136	Director	144,879	2010-08-02	Filing
Judge	$25.16	2,899	Officer, Director	150,015	2010-07-06	Filing
Kuchta	$25.16	290	Officer	21,920	2010-07-06	Filing
Morphy	$25.16	580	Officer	66,655	2010-07-06	Filing
Mucci	$25.16	580	Officer	31,854	2010-07-06	Filing
Vossler	$25.16	103	Officer	5,638	2010-07-06	Filing
Flaschen	$25.34	12,500	Director	4,993	2009-06-30	Filing
Golisano	$26.84	493	Large Shareholder, Director	72,510	2009-05-13	Filing
Kuchta	$27.66	13,500	Officer	17,548	2009-05-06	Filing
Golisano	$25.02	501	Large Shareholder, Director	73,003	2009-02-12	Filing