PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

AMERICAN CAPITAL MANAGEMENT INC's Holding History (CIK: 0001320168)

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

Q4 2018

Shares 27,744 Value ($000) $1,808 Avg Close $55.05 Range $49.99 - $61.44

Q3 2018

Shares 27,744 Value ($000) $2,043 Avg Close $57.93 Range $53.90 - $61.20

Q2 2018

Shares 31,723 Value ($000) $2,168 Avg Close $51.54 Range $47.31 - $56.42

Q1 2018

Shares 32,032 Value ($000) $1,973 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 42,799 Value ($000) $2,914 Avg Close $51.63 Range $46.43 - $55.51

Q3 2017

Shares 44,634 Value ($000) $2,676 Avg Close $44.58 Range $42.41 - $47.62

Q2 2017

Shares 60,999 Value ($000) $3,473 Avg Close $45.43 Range $43.85 - $47.78

Q1 2017

Shares 72,134 Value ($000) $4,249 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 80,967 Value ($000) $4,929 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 81,142 Value ($000) $4,696 Avg Close $45.34 Range $43.20 - $46.70

Q1 2016

Shares 87,702 Value ($000) $4,737 Avg Close $37.48 Range $33.83 - $40.71

Q4 2015

Shares 86,786 Value ($000) $4,590 Avg Close $38.55 Range $34.02 - $40.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	27,744	$1,808	$55.05	$49.99 - $61.44
Q3 2018	27,744	$2,043	$57.93	$53.90 - $61.20
Q2 2018	31,723	$2,168	$51.54	$47.31 - $56.42
Q1 2018	32,032	$1,973	$52.37	$47.16 - $57.65
Q4 2017	42,799	$2,914	$51.63	$46.43 - $55.51
Q3 2017	44,634	$2,676	$44.58	$42.41 - $47.62
Q2 2017	60,999	$3,473	$45.43	$43.85 - $47.78
Q1 2017	72,134	$4,249	$46.69	$43.94 - $48.53
Q4 2016	80,967	$4,929	$43.92	$40.33 - $47.52
Q3 2016	81,142	$4,696	$45.34	$43.20 - $46.70
Q1 2016	87,702	$4,737	$37.48	$33.83 - $40.71
Q4 2015	86,786	$4,590	$38.55	$34.02 - $40.50