Scott Scherr, Chairman, President and CEO at ULTIMATE SOFTWARE GROUP INC (ULTI), sold 34,849 shares at $156.44 ($5.5M) on 2016-02-16, disclosed to the SEC on 2016-02-17.
Open-market sale of $5.5M ULTI by Chairman, President and CEO. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $156.44 | 4,000 | $626K | 11.3% |
| 2 | $157.87 | 7,949 | $1.3M | 22.6% |
| 3 | $158.56 | 9,858 | $1.6M | 28.2% |
| 4 | $160.83 | 4,000 | $643K | 11.6% |
| 5 | $161.76 | 9,042 | $1.5M | 26.4% |
| Total | $159.25 avg | 34,849 |
| $5.5M |
| 100% |
| Filing → |
| ULTI | SELL | 2017-02-13 | $8.6M | — | Filing → |
| ULTI | SELL | 2017-02-09 | $6.0M | — | Filing → |
| ULTI | SELL | 2016-11-08 | $15.2M | — | Filing → |