X0202 4 2004-07-06 0 0001279363 WELLCARE GROUP INC WCG 0001295951 Bereday Thaddeus C/O WELLCARE HEALTH PLANS, INC. 6800 N. DALE MABRY HIGHWAY, SUITE 268 TAMPA FL 33614 0 1 0 0 Sr. VP, General Counsel Common Stock 2004-07-06 4 J 0 330903 A 330903 D Employee Stock Option (right to buy) 8.33 2004-07-06 4 A 0 16263 A 2014-02-06 Common Stock 16263 16263 D Employee Stock Option (right to buy) 17.00 2004-07-06 4 A 0 10000 A 2014-06-30 Common Stock 10000 26263 D Received in exchange for 406,151.62 units of membership interests in WellCare Holdings, LLC, plus an accrued yield thereon, in connection with the merger of WellCare Holdings, LLC with and into WellCare Health Plans, Inc., formerly known as WellCare Group, Inc. (the "Merger"). In the Merger, the units of membership interests in WellCare Holdings, LLC were exchanged on a one-for-0.813 basis with shares of common stock of WellCare Health Plans, Inc. The Merger became effective on July 6, 2004. The initial public offering price of the common stock of WellCare Health Plans, Inc. was $17.00. The acquisition of the common stock of WellCare Health Plans, Inc. was exempt from Section 16(b) under Rule 16b-7 and other SEC rules. Vests as to 25% on February 6, 2005, and as to 2.08333333% upon the end of each full calendar month thereafter. Received upon the assumption by WellCare Health Plans, Inc., in connection with the Merger, of options to purchase units of WellCare Holdings, LLC. Vests as to 25% on June 30, 2005, and as to 2.08333333% upon the end of each full calendar month thereafter. /s/ Michael Haber, Attorney-in-fact 2004-07-08