SCHERR SCOTT 4
4 · ULTIMATE SOFTWARE GROUP INC · Filed Feb 12, 2019
Insider Transaction Report
Form 4
SCHERR SCOTT
DirectorChairman, President and CEO
Transactions
- Award
Restricted Stock Award
2019-02-08+35,000→ 251,777 total - Sale
Common Stock
2019-02-11$331.68/sh−70,809$23,485,681→ 135,758 total - Tax Payment
Restricted Stock Award
2019-02-08$332.41/sh−19,990$6,644,876→ 231,787 total - Tax Payment
Restricted Stock Award
2019-02-09$332.41/sh−4,591$1,526,094→ 227,196 total - Tax Payment
Restricted Stock Award
2019-02-10$332.41/sh−20,629$6,857,286→ 206,567 total
Footnotes (5)
- [F1]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 February 8, 2016.
- [F2]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 February 9, 2018.
- [F3]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 February 10, 2017.
- [F4]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 12, 2018.
- [F5]The sales price represents the weighted average sales price ranging in price from $331.50 to $332.41. 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.