David Kwon - 02 Jan 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp VP
Signature
/s/ David Kwon
Issuer symbol
ADP
Transactions as of
02 Jan 2024
Net transactions value
-$614,490
Form type
4
Filing time
04 Jan 2024, 16:11:06 UTC
Previous filing
06 Sep 2023
Next filing
05 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $209,559 +1,428 +18% $146.75 9,587 02 Jan 2024 Direct F1
transaction ADP Common Stock Options Exercise $128,820 +1,200 +13% $107.35 10,787 02 Jan 2024 Direct F1
transaction ADP Common Stock Sale $93,352 -400 -3.7% $233.38 10,387 02 Jan 2024 Direct F1
transaction ADP Common Stock Sale $229,179 -982 -9.5% $233.38 9,405 02 Jan 2024 Direct F1
transaction ADP Common Stock Sale $291,958 -1,251 -13% $233.38 8,154 02 Jan 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 $128,820 -1,200 -50% $107.35 1,200 02 Jan 2024 Common Stock 1,200 $107.35 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $209,559 -1,428 -100% $146.75 0 02 Jan 2024 Common Stock 1,428 $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.