Flaschen David J S bought $81,546 worth of Common Stock - Family Trust (700 units at $116.52), increasing direct ownership by 0.75% to 33,248 units (SEC Form 4)
$PAYX
Diversified Commercial Services
Consumer Discretionary
| 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). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PAYCHEX INC [ PAYX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/23/2022 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 - Family Trust | 11/23/2022 | P | 39.282 | A | $116.24 | 6,148.282 | I | Katherine S. Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 02/23/2023 | P | 43.743 | A | $111.038 | 6,192.025 | I | Katherine S. Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 05/25/2023 | P | 51.23 | A | $107.571 | 6,243.255 | I | Katherine S. Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 08/24/2023 | P | 45.431 | A | $122.306 | 6,288.686 | I | Katherine S. Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 11/28/2023 | P | 46.98(1) | A | $119.1343 | 6,335.666 | I | Katherine S. Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 11/23/2022 | P | 39.282 | A | $116.24 | 6,148.282 | I | The DJ Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 02/23/2023 | P | 43.743 | A | $111.038 | 6,192.025 | I | The DJ Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 05/25/2023 | P | 51.23 | A | $107.571 | 6,243.255 | I | The DJ Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 08/24/2024 | P | 45.431 | A | $122.306 | 6,288.686 | I | The DJ Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 11/28/2023 | P | 46.98(1) | A | $119.1343 | 6,335.666 | I | The DJ Flaschen Irrevocable Trust | ||
| Common Stock - Family Trust | 11/28/2023 | P | 246.536(1) | A | $119.1343 | 33,247.536 | D | |||
| Common Stock | 5,383 | D | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | $47.43 | 07/09/2016 | 07/08/2025 | Common Stock | 9,489 | 9,489 | D | ||||||||
| Stock Option | $60.59 | 07/07/2017 | 07/06/2026 | Common Stock | 10,220 | 10,220 | D | ||||||||
| Stock Option | $57.2 | 07/13/2018 | 07/12/2027 | Common Stock | 9,615 | 9,615 | D | ||||||||
| Stock Option | $70.37 | 07/12/2019 | 07/11/2028 | Common Stock | 8,641 | 8,641 | D | ||||||||
| Stock Option | $73.53 | 07/15/2021 | 07/14/2030 | Common Stock | 5,793 | 5,793 | D | ||||||||
| Stock Option | $120.86 | 07/15/2024 | 07/14/2033 | Common Stock | 3,382 | 3,382 | D | ||||||||
| Explanation of Responses: |
| 1. The reporting person's DRIP acquisitions of the issuer's common stock reported herein were inadvertently broker-initiated and any profit has been fully disgorged. These acquisitions are matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 340.496 shares, with the reporting person's purchase of: (i) 246.536 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the Flaschen Family Trust; (ii) 46.98 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the Katherine S. Flaschen Irrevocable Trust; and (iii) 46.98 shares of the issuer's common stock at a price of $119.1343 per share on November 28, 2023 through the DJ Flaschen Irrevocable Trust. The reporting person has paid the issuer $233.48, representing the full amount of the profit realized in connection with the short-swing transaction. |
| Stephanie L. Schaeffer, Attorney-in-fact | 03/08/2024 | |
| ** 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. | ||