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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kouzelos Michael P
2. Issuer Name and Ticker or Trading Symbol

CBIZ, Inc. [ CBZ ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President, Employee Services
(Last)          (First)          (Middle)

C/O CBIZ, INC., 6050 OAK TREE BOULEVARD SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

12/12/2017
(Street)

CLEVELAND, OH 44131
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   (1) 12/12/2017     M    35000.0000   A $5.8700   287972.0000   D    
Common stock   (1) 12/12/2017     M    25159.0000   A $5.8700   313131.0000   D    
Common stock   (2) 12/12/2017     F    15291.0000   D $14.9500   297840.0000   D    
Common stock   12/12/2017     S    35000.0000   D $14.9500   (3) 262840.0000   D    
Common stock   (1) 12/13/2017     M    9841.0000   A $5.8700   272681.0000   D    
Common stock   (2) 12/13/2017     F    6108.0000   D $14.9800   (4) 266573.0000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Employee Stock Option   (1) $5.8700   12/12/2017     M         25159.0000    5/22/2013   5/22/2018   Common stock   25159.0000   $5.8700   44841.0000   D    
Employee Stock Option   (1) $5.8700   12/12/2017     M         35000.0000    5/22/2013   5/22/2018   Common stock   35000.0000   $5.8700   9841.0000   D    
Employee Stock Option   (1) $5.8700   12/13/2017     M         9841.0000    5/22/2013   5/22/2018   Common stock   9841.0000   $5.8700   0.0000   D    
Employee Stock Option   $6.5200                    5/9/2014   5/9/2019   Common stock   70000.0000     70000.0000   D    
Employee Stock Option   $8.3600                    5/14/2015   5/14/2020   Common stock   70000.0000     70000.0000   D    
Employee Stock Option   $9.3500                    5/15/2016   5/15/2021   Common stock   72000.0000     72000.0000   D    
Employee Stock Option   $10.3500                    5/10/2017   5/10/2022   Common stock   72000.0000     72000.0000   D    
Employee Stock Option   $15.5500                    5/10/2018   5/10/2023   Common stock   72000.0000     72000.0000   D    

Explanation of Responses:
(1)  Exercise and sale of Employee Stock Options granted 05-22-2012 at $5.87 exercise price, expiring 05-22-2018.
(2)  Cashless Hold: exercise of options and sale of shares sufficient to cover only exericise price, taxes and fees.
(3)  Average price between $14.95 and $15.038.
(4)  Average price between $14.95 and $15.02.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kouzelos Michael P
C/O CBIZ, INC.
6050 OAK TREE BOULEVARD SOUTH
CLEVELAND, OH 44131


President, Employee Services

Signatures
Michael W. Gleespen, Attorney-in-Fact for Michael P. Kouzelos 12/14/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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