David Kwon - Jan 2, 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp VP
Signature
/s/ David Kwon
Stock symbol
ADP
Transactions as of
Jan 2, 2024
Transactions value $
-$614,490
Form type
4
Date filed
1/4/2024, 04:11 PM
Previous filing
Sep 6, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $210K +1.43K +17.5% $146.75 9.59K Jan 2, 2024 Direct F1
transaction ADP Common Stock Options Exercise $129K +1.2K +12.52% $107.35 10.8K Jan 2, 2024 Direct F1
transaction ADP Common Stock Sale -$93.4K -400 -3.71% $233.38 10.4K Jan 2, 2024 Direct F1
transaction ADP Common Stock Sale -$229K -982 -9.45% $233.38 9.41K Jan 2, 2024 Direct F1
transaction ADP Common Stock Sale -$292K -1.25K -13.3% $233.38 8.15K Jan 2, 2024 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 -$129K -1.2K -50% $107.35 1.2K Jan 2, 2024 Common Stock 1.2K $107.35 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise -$210K -1.43K -100% $146.75 0 Jan 2, 2024 Common Stock 1.43K $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 2023.