Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 16,700 shares at $95.54 ($1.6M) on 2012-11-01, disclosed to the SEC on 2012-11-05.
Seasonal sale ($1.6M) by Vice-Chairman & COO — 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 | $95.54 | 1,300 | $124K | 7.6% |
| 2 | $96.57 | 3,500 | $338K | 20.8% |
| 3 | $97.96 | 11,800 | $1.2M | 71.0% |
| 4 | $98.54 | 100 | $10K | 0.6% |
| Total | $97.48 avg | 16,700 | $1.6M | 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 → |