SEC Form 4 · accession 0001016125-17-000012
ULTIMATE SOFTWARE GROUP INC · ULTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc D Scherr
Officer — Vice-Chairman & COO · Director
Period of report
Feb 8, 2017
Accepted (ET)
Feb 9, 2017 · 5:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001016125
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock AwardF1 | Feb 8, 2017 | F | 21,040 | $193.11 | D | 281,987 | D | |
| Common StockF2,F3 | Feb 9, 2017 | S | 8,685 | $193.284 | D | 273,302 | D | |
| Common StockF2,F4 | Feb 9, 2017 | S | 11,104 | $194.177 | D | 262,198 | D | |
| Common StockF2,F5 | Feb 9, 2017 | S | 6,800 | $195.02 | D | 255,398 | D | |
| Common StockF2,F6 | Feb 9, 2017 | S | 4,200 | $196.204 | D | 251,198 | D | |
| Common StockF2 | Feb 9, 2017 | S | 100 | $196.77 | D | 251,098 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These 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 February 8, 2016.
- F2The 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.
- F3The sales price represents the weighted average sales price ranging in price from $192.650 to $193.635. 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.
- F4The sales price represents the weighted average sales price ranging in price from $193.650 to $194.640. 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.
- F5The sales price represents the weighted average sales price ranging in price from $194.650 to $195.610. 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.
- F6The sales price represents the weighted average sales price ranging in price from $195.670 to $196.660. 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.