Manne Robert 4
4 · ULTIMATE SOFTWARE GROUP INC · Filed May 7, 2019
Insider Transaction Report
Form 4
Manne Robert
Senior VP, General Counsel
Transactions
- Disposition to Issuer
Common Stock
2019-05-03$331.50/sh−1,000$331,500→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2019-05-03$331.50/sh−60,806$20,157,189→ 0 total
Footnotes (2)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 3, 2019, by and among The Ultimate Software Group, Inc. (the "Company"), Unite Parent Corp. ("Parent") and Unite Merger Sub Corp. ("Merger Sub"), a copy of which is filed as Exhibit 2.1 to the Company's Form 8-K filed with the Securities and Exchange Commission (the "SEC") on February 4, 2019, pursuant to which the Company became an indirect wholly owned subsidiary of Parent (the "Merger") on May 3, 2019 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Company was cancelled and converted into the right to receive $331.50 in cash (the "Merger Consideration") without interest and subject to applicable withholding taxes.
- [F2]These shares were previously reported in Table I of Form 4 as restricted stock awards. Pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted stock award became fully vested and was cancelled and converted into the right to receive the Merger Consideration without interest and subject to applicable withholding taxes.