ULTIMATE SOFTWARE GROUP INC

CUSIP: 90385D107 Class: COM

EULAV Asset Management's Holding History (CIK: 0001540826)

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

Q1 2019
Shares 57,900 Value ($000) $19,104 Avg Close — Range —
Q4 2018
Shares 111,500 Value ($000) $27,303 Avg Close — Range —
Q3 2018
Shares 111,500 Value ($000) $35,924 Avg Close — Range —
Q2 2018
Shares 115,400 Value ($000) $29,694 Avg Close — Range —
Q1 2018
Shares 115,400 Value ($000) $28,123 Avg Close — Range —
Q4 2017
Shares 115,400 Value ($000) $25,184 Avg Close — Range —
Q3 2017
Shares 115,800 Value ($000) $21,956 Avg Close — Range —
Q2 2017
Shares 115,800 Value ($000) $24,325 Avg Close — Range —
Q1 2017
Shares 115,800 Value ($000) $22,605 Avg Close — Range —
Q4 2016
Shares 115,800 Value ($000) $21,116 Avg Close — Range —
Q3 2016
Shares 115,800 Value ($000) $23,668 Avg Close — Range —
Q2 2016
Shares 109,200 Value ($000) $22,964 Avg Close — Range —
Q1 2016
Shares 109,200 Value ($000) $21,130 Avg Close — Range —
Q4 2015
Shares 107,800 Value ($000) $21,076 Avg Close — Range —
Q3 2015
Shares 107,800 Value ($000) $19,297 Avg Close — Range —
Q2 2015
Shares 107,800 Value ($000) $17,716 Avg Close — Range —
Q1 2015
Shares 102,000 Value ($000) $17,335 Avg Close — Range —
Q4 2014
Shares 86,500 Value ($000) $12,699 Avg Close — Range —
Q3 2014
Shares 66,000 Value ($000) $9,340 Avg Close — Range —
Q2 2014
Shares 51,500 Value ($000) $7,116 Avg Close — Range —
Q1 2014
Shares 42,500 Value ($000) $5,822 Avg Close — Range —
Q4 2013
Shares 42,500 Value ($000) $6,512 Avg Close — Range —
Q3 2013
Shares 39,700 Value ($000) $5,852 Avg Close — Range —
Q2 2013
Shares 35,400 Value ($000) $4,152 Avg Close — Range —