PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

TOWER BRIDGE ADVISORS's Holding History (CIK: 0001278249)

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

Q3 2013

Shares 5,267 Value ($000) $214,051 Avg Close $27.01 Range $24.67 - $28.27

Q2 2013

Shares 5,521 Value ($000) $201,572 Avg Close $25.02 Range $23.54 - $26.26

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	5,267	$214,051	$27.01	$24.67 - $28.27
Q2 2013	5,521	$201,572	$25.02	$23.54 - $26.26