Page 5 of 10 – SEC Filing
Item 1. Security and Issuer
This statement on Schedule 13D relates to the common stock, par value $0.10 per share (the Common Stock), of Automatic Data
Processing, Inc., a Delaware corporation (the Issuer). The principal executive offices of the Issuer are located at One ADP Boulevard, Roseland, New Jersey, 07068.
The Reporting Persons (as defined below) beneficially own 36,803,675 shares of Common Stock (the Subject Shares), which
number includes: 1,750,867 shares of Common Stock, 4,044,808 shares underlying over-the-counter forward purchase contracts, and 31,008,000 shares underlying listed and over-the-counter American-style call options.
The Subject Shares represent approximately 8.3% of the outstanding shares of Common Stock based on 444,374,752 shares of Common Stock
outstanding as of July 31, 2017 as reported in the Issuers Annual Report on Form 10-K filed on August 4, 2017 for the fiscal year ended June 30, 2017.
Item 2. Identity and Background
(a), (f) This statement is being filed by:
(i) Pershing Square Capital Management, L.P., a Delaware limited partnership (Pershing Square);
(ii) PS Management GP, LLC, a Delaware limited liability company (PS Management); and
(iii) William A. Ackman, a citizen of the United States of America (together with Pershing Square and PS Management, the Reporting
Persons).
The Reporting Persons have entered into a joint filing agreement, dated as of August 7, 2017, a copy of which is
filed herewith as Exhibit 99.1.
(b) The address of the principal business and principal office of each of the Reporting Persons is 888
Seventh Avenue, 42nd Floor, New York, New York 10019.
(c) Pershing Squares principal business is to serve as investment advisor to
certain affiliated funds, including Pershing Square, L.P., a Delaware limited partnership (PS), Pershing Square II, L.P., a Delaware limited partnership (PS II), Pershing Square International, Ltd., a Cayman
Islands exempted company (PS International), Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (PSH), and Pershing Square VI Master, L.P., a Cayman Islands exempted limited
partnership (PS VI and together with PS, PS II, PS International, and PSH, the Pershing Square Funds).
PS Managements principal business is to serve as the sole general partner of Pershing Square.
The principal occupation of William A. Ackman is to serve as the Chief Executive Officer of Pershing Square and the managing member of PS
Management.
(d), (e) During the last five years, none of the Reporting Persons (i) has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
