ULTIMATE SOFTWARE GROUP INC

CUSIP: 90385D107 Class: COM

PALISADE CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001009006)

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

Q4 2015
Shares 18,464 Value ($000) $3,610 Avg Close — Range —
Q3 2015
Shares 48,116 Value ($000) $8,613 Avg Close — Range —
Q2 2015
Shares 37,391 Value ($000) $6,145 Avg Close — Range —
Q1 2015
Shares 90,525 Value ($000) $15,385 Avg Close — Range —
Q4 2014
Shares 161,650 Value ($000) $23,733 Avg Close — Range —
Q3 2014
Shares 132,004 Value ($000) $18,680 Avg Close — Range —
Q2 2014
Shares 114,059 Value ($000) $15,760 Avg Close — Range —