Statement of Changes in Beneficial Ownership (4)
May 07 2019 - 5:11PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Alvaro Felicia
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2. Issuer Name
and
Ticker or Trading Symbol
ULTIMATE SOFTWARE GROUP INC
[
ULTI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Exec. VP. CFO and Treasurer
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(Last)
(First)
(Middle)
1485 NORTH PARK DRIVE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/3/2019
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(Street)
WESTON, FL 33326
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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5/3/2019
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5/3/2019
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M
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667
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A
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$331.50
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40667
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D
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Common Stock
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5/3/2019
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5/3/2019
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M
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667
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A
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$331.50
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41334
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D
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Common Stock
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5/3/2019
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5/3/2019
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M
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667
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A
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$331.50
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42001
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D
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Common Stock
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5/3/2019
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5/3/2019
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D
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42001
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D
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$331.50
(1)
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Unit
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$0.0
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5/3/2019
(2)
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5/3/2019
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M
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667
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(3)
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(3)
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Restricted Stock Unit
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667.0
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$0
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0
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D
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Restricted Stock Unit
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$0.0
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5/3/2019
(2)
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5/3/2019
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M
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667
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(4)
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(4)
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Restricted Stock Unit
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667.0
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$0
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0
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D
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Restricted Stock Unit
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$0.0
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5/3/2019
(2)
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5/3/2019
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M
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667
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(5)
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(5)
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Restricted Stock Unit
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667.0
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$0
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0
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D
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Explanation of Responses:
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(1)
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This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 3, 2019, by and among The Ultimate Software Group, Inc. (the "Company"), Unite Parent Corp. ("Parent") and Unite Merger Sub Corp. ("Merger Sub"), a copy of which is filed as Exhibit 2.1 to the Company's Form 8-K filed with the Securities and Exchange Commission (the "SEC") on February 4, 2019, pursuant to which the Company became an indirect wholly owned subsidiary of Parent (the "Merger") on May 3, 2019 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Company was cancelled and converted into the right to receive $331.50 in cash (the "Merger Consideration") without interest and subject to applicable withholding taxes.
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(2)
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These restricted stock unites were converted pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted stock award became fully vested and was cancelled and converted into the right to receive the Merger Consideration without interest and subject to applicable withholding taxes.
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(3)
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This restricted stock unit was granted on February 8, 2016.
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(4)
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This restricted stock unit was granted on February 9, 2018.
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(5)
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This restricted stock unit was granted on February 10, 2017.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Alvaro Felicia
1485 NORTH PARK DRIVE
WESTON, FL 33326
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Exec. VP. CFO and Treasurer
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Signatures
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/s/ Felicia Alvaro
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5/7/2019
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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