ULTIMATE SOFTWARE GROUP INC

CUSIP: 90385D107 Class: COM

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

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

Q3 2017
Shares 835 Value ($000) $158 Avg Close — Range —
Q2 2017
Shares 1,695 Value ($000) $356 Avg Close — Range —
Q1 2017
Shares 1,695 Value ($000) $331 Avg Close — Range —
Q4 2016
Shares 3,835 Value ($000) $699 Avg Close — Range —
Q3 2016
Shares 3,835 Value ($000) $784 Avg Close — Range —
Q2 2016
Shares 4,355 Value ($000) $916 Avg Close — Range —
Q1 2016
Shares 13,805 Value ($000) $2,671 Avg Close — Range —
Q4 2015
Shares 19,251 Value ($000) $3,764 Avg Close — Range —
Q3 2015
Shares 19,509 Value ($000) $3,492 Avg Close — Range —
Q2 2015
Shares 27,682 Value ($000) $4,549 Avg Close — Range —
Q1 2015
Shares 28,844 Value ($000) $4,902 Avg Close — Range —
Q4 2014
Shares 29,639 Value ($000) $4,352 Avg Close — Range —
Q3 2014
Shares 26,683 Value ($000) $3,776 Avg Close — Range —
Q2 2014
Shares 12,824 Value ($000) $1,772 Avg Close — Range —
Q1 2014
Shares 17,763 Value ($000) $2,434 Avg Close — Range —
Q4 2013
Shares 3,620 Value ($000) $555 Avg Close — Range —