Sec Form 4 Filing - PERRY RICHARD C @ UNIVERSAL AMERICAN CORP. - 2016-06-27

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person PERRY RICHARD C 2. Issuer Name and Ticker or Trading Symbol UNIVERSAL AMERICAN CORP. [ UAM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O PERRY CORP.,, 767 FIFTH AVAENUE, 19TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 06/27/2016 (Street) NEW YORK, NY10153 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Non-Voting Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 761,306 D $ 6.8 0 I By Perry Partners, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 2,705,369 D $ 6.8 5,199 I By Perry Partners, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 J( 3 ) 5,199 D $ 0 ( 3 ) 0 I By Perry Partners, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 6,750 D $ 6.8 9,650 I By Perry Partners International Master, Inc. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 J( 3 ) 9,650 D $ 0 ( 3 ) 0 I By Perry Partners International Master, Inc. ( 1 ) Non-Voting Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 81,745 D $ 6.8 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Co mmon Stock, par value $0.01 per share 06/27/2016 S( 2 ) 89,799 D $ 6.8 256 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 J( 3 ) 256 D $ 0 ( 3 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Non-Voting Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 447,607 D $ 6.8 0 I By Perry Private Opportunities Fund, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 491,680 D $ 6.8 1,409 I By Perry Private Opportunities Fund, L.P. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 J( 3 ) 1,409 D $ 0 ( 3 ) 0 I By Perry Private Opportunities Fund, L.P. ( 1 ) Non-Voting Common Stock par value $0.01 per share 06/27/2016 S( 2 ) 2,009,342 D $ 6.8 0 I By Perry Partners International, Inc. ( 1 ) Common Stock, par value $0.01 per share 06/27/2016 S( 2 ) 4,417,917 D $ 6.8 0 I By Perry Partners International, Inc. ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (Right to Buy) $ 9.81 ( 11 ) 06/27/2016 J( 8 ) 7,716 ( 4 ) 05/30/2017 Common Stock, par value $0.01 per share 7,716 $ 1 ( 8 ) 0 I By Perry Partners, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.81 ( 11 ) 06/27/2016 J( 8 ) 14,322 ( 4 ) 05/30/2017 Common Stock, par value $0.01 per share 14,322 $ 1 ( 8 ) 0 I By Perry Partners, International Master, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.81 ( 11 ) 06/27/2016 J( 8 ) 382 ( 4 ) 05/30/2017 Common Stock, par value $0.01 per share 382 $ 1 ( 8 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.81 ( 11 ) 06/27/2016 J( 8 ) 2,091 ( 4 ) 05/30/2017 Common Stock, par value $0.01 per share 2,091 $ 1 ( 8 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 5 ) 2,327 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 2,327 $ 0 ( 5 ) 0 I By Perry Partners, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 9 ) 6,980 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 6,980 $ 0.65 ( 9 ) 0 I By Perry Partners, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 5 ) 4,318 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 4,318 $ 0 ( 5 ) 0 I By Perry Partners International Master, Inc. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 9 ) 12,957 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 12,957 $ 0.65 ( 9 ) 0 I By Perry Partners International Master, Inc. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 5 ) 115 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 115 $ 0 ( 5 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 9 ) 346 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 346 $ 0.65 ( 9 ) 0 I By Perry Partners Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 5 ) 631 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 631 $ 0 ( 5 ) 0 I By Perry Private Opportunities Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 9.16 ( 12 ) 06/27/2016 J( 9 ) 1,891 ( 6 ) 05/29/2018 Common Stock, par value $0.01 per share 1,891 $ 0.65 ( 9 ) 0 I By Perry Private Opportunities Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 5 ) 4,070 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 4,070 $ 0 ( 5 ) 0 I By Perry Partners, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 10 ) 4,070 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 4,070 $ 0.25 ( 10 ) 0 I By Perry Partners, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 5 ) 7,554 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 7,554 $ 0 ( 5 ) 0 I By Perry Partners International Master, Inc. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 10 ) 7,555 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 7,555 $ 0.25 ( 10 ) 0 I By Perry Partners International Master, Inc. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 5 ) 202 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 202 $ 0 ( 5 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 10 ) 202 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 202 $ 0.25 ( 10 ) 0 I By Perry Private Opportunities Offshore Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 5 ) 1,103 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 1,103 $ 0 ( 5 ) 0 I By Perry Private Opportunities Fund, L.P. ( 1 ) Stock Option (Right to Buy) $ 7.96 ( 13 ) 06/27/2016 J( 10 ) 1,103 ( 7 ) 05/28/2019 Common Stock, par value $0.01 per share 1,103 $ 0.25 ( 10 ) 0 I By Perry Private Opportunities Fund, L.P. ( 1 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PERRY RICHARD C C/O PERRY CORP., 767 FIFTH AVAENUE, 19TH FLOOR NEW YORK, NY10153 X Signatures /s/ Michael C. Neus, as attorney-in-fact 06/28/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The direct or indirect general partner and/or investment manager of Perry Partners, L.P., Perry Partners International, Inc., Perry Partners International Master , Inc., Perry Private Opportunities Offshore Fund, L.P. and Perry Private Opportunities Fund, L.P. (collectively, the "Perry Funds") is Perry Corp., of which Mr. Perry is the President and sole shareholder. Perry Corp. and Mr. Perry may be deemed to have voting and dispositive power with respect to shares held by the Perry Funds. Each of Mr. Perry and Perry Corp. disclaims beneficial ownership of such shares, except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that either Mr. Perry or Perry Corp. is the beneficial owner of the shares for purposes of Section 16 of the Exchange Act or for any other purpose. ( 2 )Pursuant to that certain Stock Purchase Agreement, dated as of June 21, 2016, by and between the Perry Funds and the Issuer (the "Stock Purchase Agreement"), the Perry Funds agreed, subject to certain closing conditions, to sell each share of Non-Voting Common Stock, par value $0.01 per share, and Common Stock, par value $0.01 per share, for a purchase price equal to $6.80 per share. The closing of the transactions contemplated by the Stock Purchase Agreement occurred on June 27, 2016. ( 3 )Each unvested share of restricted Common Stock was cancelled by mutual agreement of the Perry Funds and the Issuer for no additional consideration. ( 4 )This option was exercisable in four equal installments beginning on May 30, 2013, 2014, 2015 and 2016. ( 5 )This option was cancelled by mutual agreement of the Perry Funds and the Issuer for no additional consideration. ( 6 )This option was exercisable in four equal installments beginning on May 29, 2014, 2015, 2016 and 2017. ( 7 )This option was exercisable in four equal installments beginning on May 28, 2015, 2016, 2017 and 2018. ( 8 )This option was cancelled by mutual agreement of the Perry Funds and the Issuer. The Perry Funds received $1.00 for each such option as consideration for the cancellation. ( 9 )This option was cancelled by mutual agreement of the Perry Funds and the Issuer. The Perry Funds received $0.65 for each such option as consider ation for the cancellation. ( 10 )This option was cancelled by mutual agreement of the Perry Funds and the Issuer. The Perry Funds received $0.25 for each such option as consideration for the cancellation. ( 11 )The original exercise price of $9.81 was adjusted to account for stock dividends totaling $3.35. ( 12 )The original exercise price of $9.16 was adjusted to account for stock dividends totaling $2.35. ( 13 )The original exercise price of $7.96 was adjusted to account for stock dividends totaling $0.75.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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