Scott Scherr, Chairman, President and CEO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 44,566 shares at $193.66 ($8.6M) on 2017-02-13, disclosed to the SEC on 2017-02-13.
Seasonal sale ($8.6M) by Chairman, President and CEO — this insider has traded ULTI in February in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $193.66 | 30,531 | $5.9M | 68.4% |
| 2 | $194.25 | 13,535 | $2.6M | 30.4% |
| 3 | $195.09 | 500 | $98K | 1.1% |
| Total | $193.86 avg | 44,566 | $8.6M | 100% |
| Filing → |
| ULTI | SELL | 2017-11-08 | $8.5M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |
| ULTI | SELL | 2016-11-08 | $15.2M | — | Filing → |