Averill Barry W 4
4 · UNIVERSAL AMERICAN CORP. · Filed Mar 3, 2011
Insider Transaction Report
Form 4
Averill Barry W
Director
Transactions
- Exercise/Conversion
Common Stock
2011-02-16$13.06/sh+5,000$65,300→ 10,600 total - Exercise/Conversion
Stock Option (Right to Buy)
2011-02-16$13.06/sh−5,000$65,300→ 0 totalExercise: $13.06Exp: 2011-03-30→ Common Stock (5,000 underlying) - Tax Payment
Common Stock
2011-02-16$20.30/sh−3,217$65,305→ 7,383 total
Footnotes (2)
- [F1]Options exercised through a "net exercise" procedure under which only the "spread" shares, which are the number of shares exercised in excess of a number of shares that have a value equal to the sum of the exercise price and the withholding tax paid in respect of the exercise, were issued to the reporting person. This could be deemed to constitute a sale by the reporting person of shares having such value to the issuer, although no actual sale occurred.
- [F2]Options are fully vested.