PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Amtrust Financial Services, Inc.'s Holding History (CIK: 0001365555)

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

Q1 2017

Shares 20,691 Value ($000) $1,219 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 20,691 Value ($000) $1,260 Avg Close $43.92 Range $40.33 - $47.52

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	20,691	$1,219	$46.69	$43.94 - $48.53
Q4 2016	20,691	$1,260	$43.92	$40.33 - $47.52