Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 18,569 shares at $195.13 ($3.6M) on 2017-02-13, disclosed to the SEC on 2017-02-13.
Seasonal sale ($3.6M) by Vice-Chairman & COO — 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 | $193.67 | 12,136 | $2.4M | 65.3% |
| 2 | $194.25 | 6,233 | $1.2M | 33.6% |
| 3 | $195.13 | 200 | $39K | 1.1% |
| Total | $193.88 avg | 18,569 | $3.6M | 100% |
| Filing → |
| ULTI | SELL | 2018-02-13 | $37.4M | — | Filing → |
| ULTI | SELL | 2017-11-08 | $5.9M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |