0001016125-17-000032.txt : 20170213
0001016125-17-000032.hdr.sgml : 20170213
20170213193807
ACCESSION NUMBER: 0001016125-17-000032
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170210
FILED AS OF DATE: 20170213
DATE AS OF CHANGE: 20170213
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ULTIMATE SOFTWARE GROUP INC
CENTRAL INDEX KEY: 0001016125
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 650694077
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ULTIMATE SOFTWARE GROUP INC
STREET 2: 2000 ULTIMATE WAY
CITY: WESTON
STATE: FL
ZIP: 33326
BUSINESS PHONE: 9542661000
MAIL ADDRESS:
STREET 1: ULTIMATE SOFTWARE GROUP INC
STREET 2: 2000 ULTIMATE WAY
CITY: WESTON
STATE: FL
ZIP: 33326
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHERR SCOTT
CENTRAL INDEX KEY: 0001249666
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-24347
FILM NUMBER: 17601729
4
1
wf-form4_148703267305846.xml
FORM 4
X0306
4
2017-02-10
0
0001016125
ULTIMATE SOFTWARE GROUP INC
ULTI
0001249666
SCHERR SCOTT
2000 ULTIMATE SOFTWARE
WESTON
FL
33326
1
1
0
0
Chairman, President and CEO
Restricted Stock Award
2017-02-10
2017-02-10
4
A
0
157270
0
A
514675
D
Restricted Stock Award
2017-02-11
2017-02-11
4
F
0
32207
195.61
D
482468
D
Common Stock
2017-02-13
2017-02-13
4
S
0
30531
193.655
D
451937
D
Common Stock
2017-02-13
2017-02-13
4
S
0
13535
194.251
D
438402
D
Common Stock
2017-02-13
2017-02-13
4
S
0
500
195.088
D
437902
D
The restricted stock award was granted in connection with the termination of the Company's Amended and Restated Change in Control Bonus Plan for Executive Officers ("CIC Plan") and all remaining awards that were outstanding under the CIC Plan. Pursuant to the terms of the CIC Plan, in connection with the termination of these awards, the Company was required to provide each of the participants in the CIC Plan I, including Mr. Scherr, with an arrangement of comparable value as determined by the Compensation Committee of the Board of Directors in good faith. This restricted stock award was granted for that purpose.
These shares were retained by the Company and not issued, in satisfaction of withholding payroll tax requirements applicable to vesting of the Restricted Stock Awards originally granted on March 6, 2015.
The transactions reported on this Form 4 were effected pursuant to a Rule 10(b)5-1 trading plan adopted by the reporting person on November 18, 2016.
The sales price represents the weighted average sales price ranging in price from $193.040 to $194.035. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.
The sales price represents the weighted average sales price ranging in price from $194.040 to $195.000. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.
The sales price represents the weighted average sales price ranging in price from $195.040 to $195.135. The number of shares sold at each separate price will be made available to the SEC Staff, the issuer, or a security holder of the issuer upon request.
Felicia Alvaro by Power of Attorney for Scott Scherr
2017-02-13