UNIVERSAL AMERICAN CORP. 4
4 · UNIVERSAL AMERICAN CORP. · Filed May 4, 2016
Insider Transaction Report
Form 4
Gormley Mark K
Director
Transactions
- Exercise/Conversion
Common Stock
2016-05-02$5.98/sh+33,000$197,340→ 94,019 total(indirect: See Footnote) - Tax Payment
Common Stock
2016-05-02$7.25/sh−27,220$197,345→ 66,799 total(indirect: See Footnote) - Exercise/Conversion
Stock Option (Right to Buy)
2016-05-02$5.98/sh−33,000$197,340→ 0 total(indirect: See Footnote)Exercise: $5.98Exp: 2016-05-02→ Common Stock (33,000 underlying)
Holdings
- 68,701
Common Stock
Footnotes (3)
- [F1]Directly owned by Lee Equity Partners, LLC. Lee Equity Partners, LLC is the investment manager of Lee Equity Partners Realization Fund, L.P. and Lee Equity Strategic Partners Realization Fund, L.P. (collectively, the "Funds"). Mr. Gormley is a member and equity owner of the general partner of the Funds. Mr. Gormley disclaims beneficial ownership of shares held by Lee Equity Partners, LLC and the Funds, except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that Mr. Gormley is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F2]Shares surrendered to issuer in payment of exercise price in connection with stock option exercise.
- [F3]Options are fully vested.