SEC Form 4 · accession 0001140361-15-042105
UNIVERSAL AMERICAN CORP. · UAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark K Gormley
Director
Period of report
Nov 13, 2015
Accepted (ET)
Nov 18, 2015 · 6:22 am 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,F2 | Nov 13, 2015 | A | 5,731 | $0.00 | A | 55,288 | I | See Footnote |
| Common StockF3,F2 | Nov 13, 2015 | A | 5,731 | $0.00 | A | 61,019 | I | See Footnote |
| Common Stock | holding | — | — | — | 68,701 | 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 installments beginning November 13, 2016.
- F2Directly owned by Lee Equity Partners, LLC. Lee Equity Partners, LLC is the investment manager of Lee Equity Partners Fund, L.P., Lee Equity Strategic Partners Fund, L.P. and Lee Equity Strategic Partners Fund (Offshore), L.P. (collectively, the "Funds"). Mr. Gormley is a member and equity owner of the general partner of the Funds. Mr. Gormley disclaims beneficial ownership of shares held by Lee Equity Partners, LLC and the Funds, except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that Mr. Gormley is the beneficial owner of the shares for purposes of Section 16 of the Exchange Act or for any other purpose.
- F3Represents 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.