PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

BRASADA CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001643833)

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

Q3 2018

Shares 203 Value ($000) $15 Avg Close $57.93 Range $53.90 - $61.20

Q1 2018

Shares 424 Value ($000) $26 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 424 Value ($000) $29 Avg Close $51.63 Range $46.43 - $55.51

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	203	$15	$57.93	$53.90 - $61.20
Q1 2018	424	$26	$52.37	$47.16 - $57.65
Q4 2017	424	$29	$51.63	$46.43 - $55.51