ULTIMATE SOFTWARE GROUP INC

CUSIP: 90385D107 Class: COM

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

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

Q3 2018
Shares 800 Value ($000) $258 Avg Close — Range —
Q2 2018
Shares 800 Value ($000) $206 Avg Close — Range —
Q1 2018
Shares 800 Value ($000) $195 Avg Close — Range —
Q4 2017
Shares 800 Value ($000) $175 Avg Close — Range —
Q3 2017
Shares 800 Value ($000) $152 Avg Close — Range —
Q2 2017
Shares 800 Value ($000) $168 Avg Close — Range —
Q1 2017
Shares 800 Value ($000) $156 Avg Close — Range —