SEC Form 4 · accession 0000899243-15-008312
UNIVERSAL AMERICAN CORP. · UAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George E Sperzel
Director
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514128
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Nov 13, 2015 | A | 5,731 | $0.00 | A | 5,731 | D | |
| Common StockF2,F3 | Nov 13, 2015 | A | 5,731 | $0.00 | A | 11,462 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents grant of Restricted Stock which vests in four equal annual installments beginning November 13, 2016.
- F2Represents grant of Performance Shares which vest 25% per year over four years subject to the Company having met a specified target of stock price appreciation.
- F3The Reporting Person is not entitled to the full economic benefit of these securities and, as a result, he expressly disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The filing of this form shall not be deemed an admission that the Reporting Person is, for Section 16 purposes or otherwise, the beneficial owner of such securities.