FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * TUREK WALTER   2. Issuer Name and Ticker or Trading Symbol PAYCHEX INC [PAYX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Vice President (Last) (First) (Middle) 911 PANORAMA TRAIL S. 3. Date of Earliest Transaction (Month/Day/Year) 01/12/2007 (Street) ROCHESTER, NY 14625 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/22/2006   G V 400 D $ 39.88 303,925 D   Common Stock 12/22/2006   G V 500 D $ 39.88 303,425 D   Common Stock 01/12/2007   S   5,700 D $ 41 297,725 D   Common Stock 01/17/2007   S   114,300 D $ 40.837 183,425 D   Common Stock               140,082.18 I 401(k) Common Stock               1,670 I CAJ Fund, LLC

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 11.6297

10/02/1999

10/02/2007

Common Stock

50,625

50,625

D

Stock Option

$ 19

07/09/2000

07/09/2008

Common Stock

20,250

20,250

D

Stock Option

$ 21.4583

07/08/2001

07/08/2009

Common Stock

9,000

9,000

D

Stock Option

$ 40.86

07/12/2003

07/12/2011

Common Stock

20,000

20,000

D

Stock Option

$ 28.14

07/11/2004

07/11/2012

Common Stock

10,000

10,000

D

Stock Option

$ 29.55

07/10/2005

07/10/2013

Common Stock

10,000

10,000

D

Stock Option

$ 31.79

07/08/2006

07/08/2014

Common Stock

25,000

25,000

D

Stock Option

$ 33.68

07/07/2006

07/07/2015

Common Stock

50,000

50,000

D

Stock Option

$ 36.87

07/13/2007

07/13/2016

Common Stock

30,000

30,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TUREK WALTER 911 PANORAMA TRAIL S. ROCHESTER, NY 14625			Sr. Vice President

Signatures

Stephanie L. Schaeffer, Attorney-in-fact		01/17/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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