PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Harfst & Associates, Inc.'s Holding History (CIK: 0001649147)

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

Q1 2017

Shares 2,890 Value ($000) $170 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 4,941 Value ($000) $300 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 7,621 Value ($000) $441 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 38,617 Value ($000) $2,297 Avg Close $40.17 Range $38.40 - $44.78

Q1 2016

Shares 7,028 Value ($000) $379 Avg Close $37.48 Range $33.83 - $40.71

Q4 2015

Shares 38,458 Value ($000) $2,034 Avg Close $38.55 Range $34.02 - $40.50

Q3 2015

Shares 38,040 Value ($000) $1,812 Avg Close $34.10 Range $30.50 - $35.69

Q2 2015

Shares 6,408 Value ($000) $300 Avg Close $35.43 Range $33.81 - $36.83

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	2,890	$170	$46.69	$43.94 - $48.53
Q4 2016	4,941	$300	$43.92	$40.33 - $47.52
Q3 2016	7,621	$441	$45.34	$43.20 - $46.70
Q2 2016	38,617	$2,297	$40.17	$38.40 - $44.78
Q1 2016	7,028	$379	$37.48	$33.83 - $40.71
Q4 2015	38,458	$2,034	$38.55	$34.02 - $40.50
Q3 2015	38,040	$1,812	$34.10	$30.50 - $35.69
Q2 2015	6,408	$300	$35.43	$33.81 - $36.83