Filing Details

Accession Number:
0001144204-13-002262
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-01-14 17:15:02
Reporting Period:
2012-12-28
Filing Date:
2013-01-14
Accepted Time:
2013-01-14 17:15:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1507986 Universal Business Payment Solutions Acquisition Corp UBPS Blank Checks (6770) 900632274
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1521605 M Jonathan Lubert Radnor Financial Center
150 North Radnor-Chester Road, Ste F-200
Radnor PA 19087
Yes No 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, Par Value $0.001 Disposition 2012-12-28 79,929 $0.01 110,071 No 4 S Direct
Common Stock, Par Value $0.001 Acquisiton 2012-12-28 53,333 $0.00 163,404 No 5 D Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 5 D Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Call Options (obligation to sell) Disposition 2012-12-28 2 $0.00 26,828 $0.01
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2 2012-12-28 2017-12-27 No 4 S Direct
Footnotes
  1. Pursuant to the approval of the "Warrant Proposal" (more fully described in the Definitive Proxy Statement on Schedule 14A filed by the Issuer on November 13, 2012) by a majority of the issued and outstanding warrants of the Issuer at a special meeting of the warrantholders on December 11, 2012, on December 28, 2012, the Issuer agreed to exchange each issued and outstanding warrant for .1333 shares of common stock of the Issuer.