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Home > Insider Trading > Filing (0001016125-17-000036)

Filing Details

Accession Number:
0001016125-17-000036
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-13 19:39:13
Reporting Period:
2017-02-10
Filing Date:
2017-02-13
Accepted Time:
2017-02-13 19:39:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1016125 Ultimate Software Group Inc ULTI Services-Prepackaged Software (7372) 650694077
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1249668 D Marc Scherr 2000 Ultimate Way
Weston FL 33326		 Vice-Chairman & Coo Yes Yes No No
Reported Non-Derivative Transactions
Show Other Fields >>
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Restricted Stock Award Acquisiton 2017-02-10 157,270 $0.00 408,368 No 4 A Direct
Restricted Stock Award Disposition 2017-02-11 13,420 $195.61 394,948 No 4 F Direct
Common Stock Disposition 2017-02-13 12,136 $193.67 382,812 No 4 S Direct
Common Stock Disposition 2017-02-13 6,233 $194.25 376,579 No 4 S Direct
Common Stock Disposition 2017-02-13 200 $195.13 376,379 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. The restricted stock award was granted in connection with the termination of the Company's Amended and Restated Change in Control Bonus Plan for Executive Officers ("CIC Plan") and all remaining awards that were outstanding under the CIC Plan. Pursuant to the terms of the CIC Plan, in connection with the termination of these awards, the Company was required to provide each of the participants in the CIC Plan I, including Mr. Scherr, with an arrangement of comparable value as determined by the Compensation Committee of the Board of Directors in good faith. This restricted stock award was granted for that purpose.
  2. These shares were retained by the Company and not issued, in satisfaction of withholding payroll tax requirements applicable to vesting of the Restricted Stock Awards originally granted on March 6, 2015.
  3. The transactions reported on this Form 4 were effected pursuant to a Rule 10(b)5-1 trading plan adopted by the reporting person on November 17, 2016.
  4. The sales price represents the weighted average sales price ranging in price from $193.040 to $194.035. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.
  5. The sales price represents the weighted average sales price ranging in price from $194.040 to $195.030. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.
  6. The sales price represents the weighted average sales price ranging in price from $195.060 to $195.200. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.