Paychex VP sells 5,000 shares |
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Fri, 20 Jul 2007 14:35
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NEW YORK (AP) - The vice president and controller of payroll and human resources services company Paychex Inc. exercises options for 5,000 shares of commons stock, according to a Securities and Exchange Commission filing Thursday.In a Form 4 filed with the SEC, Melinda A. Janik reported she exercised the options for $33.68 apiece and sold the shares for $43.91 apiece Tuesday. She was also awarded 3,334 shares of restricted stock.Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.Paychex is based in Rochester, N.Y.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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