Michael A. Bonarti - 06 Feb 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
06 Feb 2024
Net transactions value
-$7,271,250
Form type
4
Filing time
08 Feb 2024, 16:08:20 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 $4,029,145 +29,085 +39% $138.53 104,138 06 Feb 2024 Direct F1
transaction ADP Common Stock Sale $7,271,250 -29,085 -28% $250.00 75,053 06 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 $4,029,145 -29,085 -75% $138.53 9,696 06 Feb 2024 Common Stock 29,085 $138.53 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.