Shah Bipin C 4
4 · Universal Business Payment Solutions Acquisition Corp · Filed Jun 13, 2011
Insider Transaction Report
Form 4
Shah Bipin C
DirectorChief Executive Officer
Transactions
- Gift
Warrants
2011-06-09−1,064,000→ 1,064,000 totalExercise: $6.90→ Common Stock (1,064,000 underlying) - Gift
Common Stock, par value $0.001 per share
2011-06-09−680,000→ 690,248 total - Sale
Common Stock, par value $0.001 per share
2011-06-09$0.01/sh−20,000$146→ 670,248 total
Footnotes (3)
- [F1]The securities were gifted by the Reporting Person to an irrevocable trust for the benefit of the Reporting Person's children.
- [F2]The warrants will become exercisable on the later of (i) May 9, 2012 and (ii) the consummation of a business combination.
- [F3]The warrants will expire on the earlier of (i) five years from the date on which a business combination is completed, (ii) the liquidation of the trust account if the issuer has not completed a business combination within the required time periods or (iii) earlier upon redemption.