ULTIMATE SOFTWARE GROUP INC

CUSIP: 90385D107 Class: COM

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016
Shares 23,070 Value ($000) $4,715 Avg Close — Range —
Q4 2015
Shares 27,100 Value ($000) $5,298 Avg Close — Range —
Q2 2015
Shares 8,324 Value ($000) $1,368 Avg Close — Range —
Q1 2015
Shares 31,850 Value ($000) $5,413 Avg Close — Range —
Q4 2014
Shares 33,400 Value ($000) $4,904 Avg Close — Range —