Don McGuire - 01 Feb 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp VP
Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
01 Feb 2024
Net transactions value
-$2,776,585
Form type
4
Filing time
05 Feb 2024, 16:26:57 UTC
Previous filing
12 Dec 2023
Next filing
09 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $551,626 +3,982 +19% $138.53 24,526 01 Feb 2024 Direct F1
transaction ADP Common Stock Options Exercise $600,384 +3,535 +14% $169.84 28,061 01 Feb 2024 Direct F1
transaction ADP Common Stock Options Exercise $657,401 +3,178 +11% $206.86 31,239 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale $156,310 -638 -2% $245.00 30,601 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale $778,610 -3,178 -10% $245.00 27,423 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale $866,075 -3,535 -13% $245.00 23,888 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale $975,590 -3,982 -17% $245.00 19,906 01 Feb 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 $600,384 -3,535 -100% $169.84 0 01 Feb 2024 Common Stock 3,535 $169.84 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $551,626 -3,982 -50% $138.53 3,982 01 Feb 2024 Common Stock 3,982 $138.53 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $657,401 -3,178 -25% $206.86 9,537 01 Feb 2024 Common Stock 3,178 $206.86 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.