PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Concorde Asset Management, LLC's Holding History (CIK: 0001631773)

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

Q1 2017

Shares 3,765 Value ($000) $222 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 4,456 Value ($000) $271 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 4,456 Value ($000) $258 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 4,456 Value ($000) $265 Avg Close $40.17 Range $38.40 - $44.78

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	3,765	$222	$46.69	$43.94 - $48.53
Q4 2016	4,456	$271	$43.92	$40.33 - $47.52
Q3 2016	4,456	$258	$45.34	$43.20 - $46.70
Q2 2016	4,456	$265	$40.17	$38.40 - $44.78