Scott Scherr, Chairman, President and CEO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 45,507 shares at $158.57 ($7.3M) on 2016-02-16, disclosed to the SEC on 2016-02-17.
Seasonal sale ($7.3M) 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 | $156.44 | 4,000 | $626K | 8.6% |
| 2 | $157.87 | 7,949 | $1.3M | 17.3% |
| 3 | $158.57 | 9,858 | $1.6M | 21.6% |
| 4 | $159.75 | 10,658 | $1.7M | 23.5% |
| 5 | $160.83 | 4,000 | $643K | 8.9% |
| 6 | $161.76 | 9,042 |
| $1.5M |
| 20.2% |
| Total | $159.37 avg | 45,507 | $7.3M | 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 → |