PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

VAN DEN BERG MANAGEMENT I, INC's Holding History (CIK: 0001142062)

Note: Option positions (PUT/CALL) are excluded.

Q3 2013
Shares 400,343 Value ($000) $16,270 Avg Close $27.01 Range $24.67 - $28.27
Q2 2013
Shares 405,933 Value ($000) $14,821 Avg Close $25.02 Range $23.54 - $26.26