Marc D. Scherr, Vice-Chairman & COO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 29,992 shares at $196.23 ($5.9M) on 2017-11-07, disclosed to the SEC on 2017-11-08.
Seasonal sale ($5.9M) 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 | $195.64 | 7,623 | $1.5M | 25.3% |
| 2 | $196.23 | 20,145 | $4.0M | 67.2% |
| 3 | $197.41 | 978 | $193K | 3.3% |
| 4 | $198.39 | 424 | $84K | 1.4% |
| 5 | $199.56 | 370 | $74K | 1.3% |
| 6 | $200.30 | 452 |
| $91K |
| 1.5% |
| Total | $196.25 avg | 29,992 | $5.9M | 100% |
| Filing → |
| ULTI | SELL | 2018-02-13 | $37.4M | — | Filing → |
| ULTI | SELL | 2017-02-13 | $3.6M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |