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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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
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
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.