PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016
Shares 8,500 Value ($000) $517 Avg Close $43.92 Range $40.33 - $47.52
Q2 2015
Shares 8,692 Value ($000) $407 Avg Close $35.43 Range $33.81 - $36.83