PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Parkwood LLC's Holding History (CIK: 0001597823)

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

Q4 2016

Shares 7,661 Value ($000) $466 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 4,833 Value ($000) $280 Avg Close $45.34 Range $43.20 - $46.70

Q4 2013

Shares 6,150 Value ($000) $280 Avg Close $29.42 Range $26.88 - $31.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	7,661	$466	$43.92	$40.33 - $47.52
Q3 2016	4,833	$280	$45.34	$43.20 - $46.70
Q4 2013	6,150	$280	$29.42	$26.88 - $31.75