PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

BlueSpruce Investments, LP's Holding History (CIK: 0001600285)

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

Q2 2018

Shares 605,761 Value ($000) $41,404 Avg Close $51.54 Range $47.31 - $56.42

Q1 2018

Shares 629,061 Value ($000) $38,744 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 420,455 Value ($000) $28,625 Avg Close $51.63 Range $46.43 - $55.51

Q3 2017

Shares 409,029 Value ($000) $24,525 Avg Close $44.58 Range $42.41 - $47.62

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	605,761	$41,404	$51.54	$47.31 - $56.42
Q1 2018	629,061	$38,744	$52.37	$47.16 - $57.65
Q4 2017	420,455	$28,625	$51.63	$46.43 - $55.51
Q3 2017	409,029	$24,525	$44.58	$42.41 - $47.62