Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 25,000 shares at $122.04 ($3.1M) on 2014-05-01, disclosed to the SEC on 2014-05-02.
Seasonal sale ($3.1M) by Vice-Chairman & COO — this insider has traded ULTI in May in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $122.04 | 16,403 | $2.0M | 65.5% |
| 2 | $122.82 | 8,597 | $1.1M | 34.5% |
| Total | $122.31 avg | 25,000 | $3.1M | 100% |
| Filing → |
| ULTI | SELL | 2018-02-13 | $37.4M | — | Filing → |
| ULTI | SELL | 2017-11-08 | $5.9M | — | Filing → |
| ULTI | SELL | 2017-02-13 | $3.6M | — | Filing → |