FERNANDEZ FERNANDO L 4

4 · CONTINUCARE CORP · Filed Oct 6, 2011

Insider Transaction Report

Form 4

Period: 2011-10-04

CONTINUCARE CORPCNU

FERNANDEZ FERNANDO L

Chief Financial Officer

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$4.47/sh−350,000$1,564,500→ 0 total
Exercise: $1.98Exp: 2014-06-14→ Common Stock, par value $.0001 (350,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$4.03/sh−75,000$302,250→ 0 total
Exercise: $2.42Exp: 2015-12-06→ Common Stock, par value $.0001 (75,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$2.94/sh−150,000$441,000→ 0 total
Exercise: $3.51Exp: 2020-09-15→ Common Stock, par value $.0001 (150,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$3.68/sh−50,000$184,000→ 0 total
Exercise: $2.77Exp: 2016-09-12→ Common Stock, par value $.0001 (50,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$3.94/sh−75,000$295,500→ 0 total
Exercise: $2.51Exp: 2017-09-11→ Common Stock, par value $.0001 (75,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$4.07/sh−100,000$407,000→ 0 total
Exercise: $2.38Exp: 2018-09-19→ Common Stock, par value $.0001 (100,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-10-04$3.32/sh−100,000$332,000→ 0 total
Exercise: $3.13Exp: 2019-09-15→ Common Stock, par value $.0001 (100,000 underlying)

Footnotes (7)

[F1]This option, which provided for vesting in four equal annual installments beginning on September 15, 2011, was canceled, pursuant to an Agreement and Plan of Merger, dated June 26, 2011, by and among Continucare Corporation, Metropolitan Health Networks, Inc. ("Metropolitan") and Cab Merger Sub, Inc., a wholly owned subsidiary of Metropolitan (the "Merger Agreement"), for a cash payment of $441,000, representing the difference between the exercise price of the option and $6.45.
[F2]This option, which provided for vesting in four equal annual installments beginning on September 11, 2008, was canceled, pursuant to the Merger Agreement, for a cash payment of $295,500, representing the difference between the exercise price of the option and $6.45.
[F3]This option, which provided for vesting in four equal annual installments beginning on September 12, 2007, was canceled, pursuant to the Merger Agreement, for a cash payment of $184,000, representing the difference between the exercise price of the option and $6.45.
[F4]This option, which provided for vesting in four equal annual installments beginning on September 19, 2009, was canceled, pursuant to the Merger Agreement, for a cash payment of $407,000, representing the difference between the exercise price of the option and $6.45.
[F5]This option, which provided for vesting in four equal annual installments beginning on December 6, 2006, was canceled, pursuant to the Merger Agreement, for a cash payment of $302,250, representing the difference between the exercise price of the option and $6.45.
[F6]This option, which provided for vesting in three equal annual installments beginning on June 14, 2005, was canceled, pursuant to the Merger Agreement, for a cash payment of $1,564,500, representing the difference between the exercise price of the option and $6.45.
[F7]This option, which provided for vesting in four equal annual installments beginning on September 15, 2010, was canceled, pursuant to the Merger Agreement, for a cash payment of $332,000, representing the difference between the exercise price of the option and $6.45.

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