SEC Form 4 · accession 0001514128-15-000010
UNIVERSAL AMERICAN CORP. · UAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Barasch
Officer — Chairman & CEO · Director
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 5:01 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,F2 | Feb 13, 2015 | A | 72,053 | $0.00 | A | 2,330,782 | D | |
| Common StockF3,F4 | Feb 13, 2015 | A | 72,053 | $0.00 | A | 2,402,835 | D | |
| Common Stock | holding | — | — | — | 28,180 | I | By Son (Benjamin) | |
| Common Stock | holding | — | — | — | 392,097 | I | By Wife | |
| Common Stock | holding | — | — | — | 23,080 | I | By Daughter (Natalie) | |
| Common Stock | holding | — | — | — | 30,124 | I | By Daughter (Emily) | |
| Common Stock | holding | — | — | — | 65,835 | I | Tara Acquisition LLC | |
| Common Stock | holding | — | — | — | 67,744 | I | Norman Barasch Trust #1 | |
| Common Stock | holding | — | — | — | 220,768 | I | Barasch Family Trust #1 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F5 | $9.16 | Feb 13, 2015 | A | 61,568 | A | — | Feb 13, 2020 | Common Stock | 61,568 | 61,568 | D |
| Stock Options (Right to Buy)F6 | $9.16 | Feb 13, 2015 | A | 61,568 | A | — | Feb 13, 2020 | Common Stock | 61,568 | 61,568 | D |
Explanation of responses
- F1Represents grant of Restricted Stock which vests in four equal annual installments beginning Feb 13, 2016
- F2Represents common stock including 328,678 shares of unvested Restricted Stock.
- 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.
- F4Represents common stock including 400,731 shares of unvested Restricted Stock.
- F5Represents grant of Stock Options which vests in four equal annual installments beginning Feb 13, 2016.
- F6Represents grant of Performance Options which vest 25% per year over four years subject to the Company having met a specified target of stock price appreciation.