Insider Trades - FLASCHEN DAVID J S

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FLASCHEN DAVID J S: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Paychex, Inc. Director NasdaqGS:PAYX (historical quotes, profile, SEC, other insiders)	9-Jul-09	6,868	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
9-Jul-09 1,875 PAYX Acquisition (Non Open Market) at $0 per share.
30-Jun-09 12,500 PAYX Option Exercise at $23.75 per share.
(Cost of $296,875)
30-Jun-09 12,500 PAYX Sale at $25.34 per share.
(Proceeds of $316,750)
10-Jul-08 1,875 PAYX Acquisition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
9-Jul-09	1,875	PAYX	Acquisition (Non Open Market) at $0 per share.
30-Jun-09	12,500	PAYX	Option Exercise at $23.75 per share. (Cost of $296,875)
30-Jun-09	12,500	PAYX	Sale at $25.34 per share. (Proceeds of $316,750)
10-Jul-08	1,875	PAYX	Acquisition (Non Open Market) at $0 per share.