UNIVERSAL AMERICAN FINANCIAL CORP 4

4 · UNIVERSAL AMERICAN FINANCIAL CORP · Filed Jan 4, 2008

Form 4

Period: 2007-12-28

10% Owner

Transactions

Exercise of In-Money
Common Stock
2007-12-28$13.75/sh+1,667$22,921→ 31,889 total
Exercise of In-Money
Stock Option (Right to Buy)
2007-12-28−4,500→ 9,000 total
Exercise: $4.00From: 2001-11-09Exp: 2009-11-01→ Common Stock (4,500 underlying)
Exercise of In-Money
Common Stock
2007-12-28$18.78/sh+3,000$56,340→ 30,000 total
Exercise of In-Money
Stock Option (Right to Buy)
2007-12-28−3,000→ 9,000 total
Exercise: $18.78From: 2007-05-26Exp: 2015-05-27→ Common Stock (3,000 underlying)
Exercise of In-Money
Stock Option (Right to Buy)
2007-12-28−222→ 666 total
Exercise: $22.67From: 2007-10-01Exp: 2010-10-01→ Common Stock (222 underlying)
Exercise of In-Money
Common Stock
2007-12-28$4.00/sh+4,500$18,000→ 4,500 total
Exercise of In-Money
Common Stock
2007-12-28$22.67/sh+222$5,033→ 30,222 total
Exercise of In-Money
Stock Option (Right to Buy)
2007-12-28−1,667→ 10,000 total
Exercise: $13.75From: 2007-05-25Exp: 2011-05-25→ Common Stock (1,667 underlying)

Holdings

Footnotes (9)

[F1]Directly owned by Capital Z Financial Services Fund II, L.P. ("Cap Z Fund II").
[F2]Directly owned by Capital Z Financial Services Private Fund II, L.P. ("Cap Z Private Fund II").
[F3]Capital Z Partners, Ltd. ( "Cap Z Ltd.") is the sole general partner of Capital Z Partners, L.P. ("Cap Z L.P."), which is the sole general partner of each of Cap Z Fund II and Cap Z Private Fund II. Cap Z Ltd. and Cap Z L.P. each disclaim beneficial ownership of all such indirectly owned securities in excess of their respective pecuniary interest therein.
[F4]Directly owned by Capital Z Management, LLC. ("Cap Z Management").
[F5]Cap Z Management receives an investment management fee from Cap Z Fund II and Cap Z Private Fund II. Cap Z Management disclaims beneficial ownership of all such indirectly owned securities in excess of its pecuniary interest therein.
[F6]13,500 options total, vesting and excercisable over a three (3) year period, 1/3 on each of 05/26/06, 05/26/07 and 05/26/08.
[F7]999 options total,vesting and excercisable over a three (3) year period, 1/3 on each of 10/01/06, 10/01/07 and 10/01/08.
[F8]15,000 options total, vesting and excercisable over a three (3) year period, 1/3 on each of 05/25/07, 05/25/08 and 05/25/09.
[F9]Not applicable.

Documents

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