PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Front Street Capital Management, Inc.'s Holding History (CIK: 0001683182)

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

Q1 2017

Shares 3,460 Value ($000) $204 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 3,460 Value ($000) $200 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 3,460 Value ($000) $200 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 3,460 Value ($000) $206 Avg Close $40.17 Range $38.40 - $44.78

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	3,460	$204	$46.69	$43.94 - $48.53
Q4 2016	3,460	$200	$43.92	$40.33 - $47.52
Q3 2016	3,460	$200	$45.34	$43.20 - $46.70
Q2 2016	3,460	$206	$40.17	$38.40 - $44.78