Michael A. Bonarti - Jul 27, 2023 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Stock symbol
ADP
Transactions as of
Jul 27, 2023
Transactions value $
-$1,795,733
Form type
4
Date filed
7/28/2023, 04:15 PM
Previous filing
Sep 6, 2022
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $1.03M +7.05K +10.51% $146.75 74.1K Jul 27, 2023 Direct F1
transaction ADP Common Stock Sale -$1.8M -7.05K -9.51% $254.75 67K Jul 27, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADP Stock Option (Right to Buy) Options Exercise -$1.03M -7.05K -100% $146.75 0 Jul 27, 2023 Common Stock 7.05K $146.75 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2022.