Scott Scherr, Chairman, President and CEO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 44,183 shares at $202.95 ($9.0M) on 2015-11-10, disclosed to the SEC on 2015-11-12.
Seasonal sale ($9.0M) 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 | $202.95 | 8,224 | $1.7M | 18.5% |
| 2 | $203.84 | 17,700 | $3.6M | 40.0% |
| 3 | $205.00 | 16,205 | $3.3M | 36.8% |
| 4 | $205.56 | 2,054 | $422K | 4.7% |
| Total | $204.18 avg | 44,183 | $9.0M | 100% |
| Filing → |
| ULTI | SELL | 2017-11-08 | $8.5M | — | Filing → |
| ULTI | SELL | 2017-02-13 | $8.6M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |