Paychex 2014 Annual Report Download - page 31

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The following table provides information relating to our repurchase of common stock during the three
months ended May 31, 2014:
Period
Total number of
shares purchased
Average price paid
per share
Approximate dollar
value of shares that
may yet be purchased
under the program
March 1, 2014 — March 31, 2014 ........ — $ — $147,044,948
April 1, 2014 — April 30, 2014 .......... 844,015 $41.08 $112,369,489
May 1, 2014 — May 31, 2014 ........... 300,000 $40.37 $100,257,468
Total for the period ................... 1,144,015 $40.90 $100,257,468
The following graph shows a five-year comparison of the total cumulative returns of investing $100 on
May 31, 2009, in Paychex common stock, the S&P 500 Index, and a Peer Group Index. All comparisons of stock
price performance shown assume reinvestment of dividends. We are a participant in the S&P 500 Index, a market
group of companies with a larger than average market capitalization. Our Peer Group is a group of companies
with comparable revenue and net income, who are in a comparable industry, or who are direct competitors of
Paychex (as detailed on the next page).
STOCK PRICE PERFORMANCE GRAPH
$0
$20
$60
$40
$120
$100
$80
$140
$180
$160
$220
$240
$260
$200
2009 2010 2011 2012 2013 2014
Paychex S&P 500
Fiscal Year Ended May 31
Peer Group
May 31, 2009 2010 2011 2012 2013 2014
Paychex ............................ $100.00 $108.99 $128.64 $124.54 $160.94 $183.86
S&P500 ........................... $100.00 $120.99 $152.39 $151.76 $193.15 $232.64
Peer Group .......................... $100.00 $105.30 $142.18 $134.51 $178.37 $221.56
There can be no assurance that our stock performance will continue into the future with the same or similar
trends depicted in the graph above. We will neither make nor endorse any predictions as to future stock
performance.
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