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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
709878	Universal American Corp.	UAM	Hospital & Medical Service Plans (6324)	112580136

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1179661	Gary Jacobs	6 International Drive Rye Brook NY 10573	President Of Subsidiary	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-08-12	28,347	$13.97	185,822	No	4	S	Direct
Common Stock	Acquisiton	2010-08-12	50,000	$4.45	235,822	No	4	M	Direct
Common Stock	Acquisiton	2010-07-31	0	$0.00	9,605	No	4	J	Indirect	By 401 (k) Plan

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	M	Direct
No	4	J	Indirect	By 401 (k) Plan

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Acquisiton	2010-08-12	50,000	$4.45	50,000	$4.45

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2012-03-28	No	4	M	Direct

Footnotes

Options exercised through a "net exercise" procedure under which only the "spread" shares, which are the number of shares exercised in excess of a number of shares that have a value equal to the sum of the exercise price and the withholding tax paid in respect of the exercise, were issued to the reporting person. This could be deemed to constitute a sale by the reporting person of shares having such value to the issuer, although no actual sale occurred.
The information in this report is based on a 401(k) plan statement dated as of July 31, 2010.
Stock Options Are Fully Vested