PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

River Road Asset Management, LLC's Holding History (CIK: 0001341401)

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

Q3 2013
Shares 1,550,051 Value ($000) $62,994 Avg Close $27.01 Range $24.67 - $28.27
Q2 2013
Shares 1,558,726 Value ($000) $56,909 Avg Close $25.02 Range $23.54 - $26.26