SEC Form 4 · accession 0001016125-17-000029
ULTIMATE SOFTWARE GROUP INC · ULTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Swick
Officer — Senior VP, Enterprise Sales
Period of report
Feb 11, 2017
Accepted (ET)
Feb 13, 2017 · 7:37 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 11, 2017 | F | 1,698 | $195.61 | D | 44,996 | D | |
| Common StockF2,F3 | Feb 13, 2017 | S | 2,198 | $193.687 | D | 42,798 | D | |
| Common StockF2,F4 | Feb 13, 2017 | S | 700 | $194.418 | D | 42,098 | 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 March 6, 2015.
- 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 $193.130 to $194.080. 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 $194.140 to $195.095. 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.