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Filing Details

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

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.01	Acquisiton	2010-04-29	22,000	$3.38	35,000	No	4	M	Direct
Common Stock, Par Value $0.01	Disposition	2010-04-29	22,000	$34.62	35,000	No	4	S	Direct
Common Stock, $0.01 Par Value	Acquisiton	2010-04-30	7,000	$3.38	35,000	No	4	M	Direct
Common Stock, $0.01 Par Value	Disposition	2010-04-30	4,600	$33.66	35,000	No	4	S	Direct
Common Stock, $0.01 Par Value	Disposition	2010-04-30	2,400	$34.66	35,000	No	4	S	Direct
Common Stock, $0.01 Par Value	Acquisiton	2010-05-03	21,000	$3.38	35,000	No	4	M	Direct
Common Stock, $0.01 Par Value	Disposition	2010-05-03	10,500	$33.51	35,000	No	4	S	Direct
Common Stock, $0.01 Par Value	Disposition	2010-05-03	10,500	$34.26	35,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2010-04-29	22,000	$3.38	22,000	$3.38
Common Stock	Employee Stock Option	Disposition	2010-04-30	7,000	$3.38	7,000	$3.38
Common Stock	Employee Stock Option	Disposition	2010-05-03	21,000	$3.38	21,000	$3.38

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2001-02-07	2011-02-07	No	4	M	Direct
2001-02-07	2011-02-07	No	4	M	Direct
2001-02-07	2011-02-07	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	7,022	Indirect	As trustee for the trust f/b/o Derek J. Scherr
Common Stock, Par Value $0.01	11,022	Indirect	As trustee for the trust f/b/o Alison J. Scherr
Common Stock, Par Value $0.01	11,022	Indirect	As trustee for the trust f/b/o Jodi D. Scherr

Footnotes

The sales price represents the weighted average sales price ranging in price from $34.50 to $34.77. 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.
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 February 22, 2010.
The sales price represents the weighted average sales price ranging in price from $33.45 to $33.85. 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.
The sales price represents the weighted average sales price ranging in price from $34.50 to $34.85. 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.
The sales price represents the weighted average sales price ranging in price from $33.03 to $33.90. 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.
The sales price represents the weighted average sales price ranging in price from $34.15 to $34.38. 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.
The option vested in four equal installments on February 7, 2001,2002,2003 and 2004.