UNIVERSAL AMERICAN CORP. 4
4 · UNIVERSAL AMERICAN CORP. · Filed May 2, 2017
Insider Transaction Report
Form 4
Etheridge Matthew
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2017-04-28−29,565→ 0 totalExercise: $6.81→ Common Stock (29,565 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2017-04-28−24,511→ 0 totalExercise: $6.46→ Common Stock (24,511 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2017-04-28−25,859→ 0 totalExercise: $7.21→ Common Stock (25,859 underlying) - Disposition to Issuer
Common Stock
2017-04-28−76,234→ 0 total
Footnotes (2)
- [F1]Pursuant to that certain Agreement and Plan of Merger, dated as of November 17, 2016 (the "Merger Agreement"), by and among Universal American Corp. (the "Company"), WellCare Health Plans, Inc. and Wind Merger Sub, Inc., at the Effective Time (as defined in the Merger Agreement) (the "Effective Time"), each of these shares of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the per share merger consideration of $10.00 (the "Per Share Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each of these stock options was cancelled and converted into the right to receive a cash payment equal to the excess, if any, of the Per Share Merger Consideration over the per share exercise price of such stock option multiplied by the aggregate number of shares of common stock in respect of such stock option immediately before the Effective Time.