Scott Scherr, Chairman, President and CEO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 43,537 shares at $198.39 ($8.5M) on 2017-11-07, disclosed to the SEC on 2017-11-08.
Seasonal sale ($8.5M) by Chairman, President and CEO — this insider has traded ULTI in November in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $195.70 | 11,475 | $2.2M | 26.3% |
| 2 | $196.24 | 29,839 | $5.9M | 68.5% |
| 3 | $197.41 | 978 | $193K | 2.3% |
| 4 | $198.39 | 423 | $84K | 1.0% |
| 5 | $199.56 | 370 | $74K | 0.9% |
| 6 | $200.30 | 452 |
| $91K |
| 1.1% |
| Total | $196.22 avg | 43,537 | $8.5M | 100% |
| Filing → |
| ULTI | SELL | 2017-02-13 | $8.6M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |
| ULTI | SELL | 2016-11-08 | $15.2M | — | Filing → |