SEC Form 4 · accession 0001140361-16-063390
UNIVERSAL AMERICAN CORP. · UAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark K Gormley
Director
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 4:50 pm EDT
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 | May 2, 2016 | M | 33,000 | $5.98 | A | 94,019 | I | See Footnote |
| Common StockF2,F1 | May 2, 2016 | F | 27,220 | $7.25 | D | 66,799 | I | See Footnote |
| Common StockF2 | holding | — | — | — | 68,701 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F3 | $5.98 | May 2, 2016 | M | 33,000 | D | — | May 2, 2016 | Common Stock | 33,000 | 0 | I |
Explanation of responses
- F1Directly owned by Lee Equity Partners, LLC. Lee Equity Partners, LLC is the investment manager of Lee Equity Partners Realization Fund, L.P. and Lee Equity Strategic Partners Realization Fund, 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 Securities Exchange Act of 1934, as amended, or for any other purpose.
- F2Shares surrendered to issuer in payment of exercise price in connection with stock option exercise.
- F3Options are fully vested.