Filing Details
- Accession Number:
- 0001016125-17-000032
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-13 19:38:07
- Reporting Period:
- 2017-02-10
- Filing Date:
- 2017-02-13
- Accepted Time:
- 2017-02-13 19:38:07
- 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 |
|---|---|---|---|---|---|---|---|
| 1249666 | Scott Scherr | 2000 Ultimate Software Weston FL 33326 | Chairman, President And Ceo | 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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Award | Acquisiton | 2017-02-10 | 157,270 | $0.00 | 514,675 | No | 4 | A | Direct | |
| Restricted Stock Award | Disposition | 2017-02-11 | 32,207 | $195.61 | 482,468 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2017-02-13 | 30,531 | $193.66 | 451,937 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-02-13 | 13,535 | $194.25 | 438,402 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-02-13 | 500 | $195.09 | 437,902 | 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
- 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.
- 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.
- 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 18, 2016.
- 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.
- The sales price represents the weighted average sales price ranging in price from $194.040 to $195.000. 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 $195.040 to $195.135. 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.
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