Shah Bipin C 4
4 · Universal Business Payment Solutions Acquisition Corp · Filed Jan 14, 2013
Insider Transaction Report
Form 4
Shah Bipin C
DirectorChief Executive Officer
Transactions
- Sale
Call Options (obligation to sell)
2012-12-28−2→ 2 totalExercise: $0.01From: 2012-12-28Exp: 2017-12-27→ CommonStock (189,035 underlying) - Sale
Common Stock, par value $0.001
2012-12-28$0.01/sh−563,187$4,674→ 205,865 total - Disposition to Issuer
Common Stock, par value $0.001
2012-12-28+141,866→ 347,731 total
Footnotes (1)
- [F1]Pursuant to the approval of the "Warrant Proposal" (more fully described in the Definitive Proxy Statement on Schedule 14A filed by the Issuer on November 13, 2012) by a majority of the issued and outstanding warrants of the Issuer at a special meeting of the warrantholders on December 11, 2012, on December 28, 2012, the Issuer agreed to exchange each issued and outstanding warrant for .1333 shares of common stock of the Issuer.