PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

ArrowMark Colorado Holdings LLC's Holding History (CIK: 0001483859)

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

Q3 2014

Shares 16,400 Value ($000) $725 Avg Close $29.74 Range $28.45 - $31.56

Q2 2014

Shares 16,400 Value ($000) $682 Avg Close $28.79 Range $27.74 - $30.17

Q1 2014

Shares 16,400 Value ($000) $699 Avg Close $29.49 Range $27.78 - $31.75

Q4 2013

Shares 16,400 Value ($000) $747 Avg Close $29.42 Range $26.88 - $31.75

Q3 2013

Shares 16,400 Value ($000) $666 Avg Close $27.01 Range $24.67 - $28.27

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	16,400	$725	$29.74	$28.45 - $31.56
Q2 2014	16,400	$682	$28.79	$27.74 - $30.17
Q1 2014	16,400	$699	$29.49	$27.78 - $31.75
Q4 2013	16,400	$747	$29.42	$26.88 - $31.75
Q3 2013	16,400	$666	$27.01	$24.67 - $28.27