Home > Insider Trading > Filing (0001144204-11-035392)

Filing Details

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
1521711	C Bipin Shah	Radnor Financial Center 150 North Radnor-Chester Road, Ste F-200 Radnor PA 19087	Chief Executive Officer	Yes	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, Par Value $0.001 Per Share	Disposition	2011-06-09	680,000	$0.00	690,248	No	4	G	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2011-06-09	20,000	$0.01	670,248	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	G	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Disposition	2011-06-09	1,064,000	$0.00	1,064,000	$6.90

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,064,000			No	4	G	Direct

Footnotes

The securities were gifted by the Reporting Person to an irrevocable trust for the benefit of the Reporting Person's children.
The warrants will become exercisable on the later of (i) May 9, 2012 and (ii) the consummation of a business combination.
The warrants will expire on the earlier of (i) five years from the date on which a business combination is completed, (ii) the liquidation of the trust account if the issuer has not completed a business combination within the required time periods or (iii) earlier upon redemption.