X0303 4/A 2009-04-27 2009-04-28 0 0001171662 TRIPLE-S MANAGEMENT CORP GTS 0001361825 Clavell Luis A PO BOX 363628 SAN JUAN PR 00936-3628 PUERTO RICO 1 0 0 0 Class B Common Stock 2008-12-08 4 J 0 16702 0.00 A 21511 D Class B Common Stock 2009-04-27 4 A 0 2030 12.31 A 23541 D Amendment to Form 4 filed on April 28, 2009 reporting the award of shares of Class B of common stock. This amendment is being filed to indicate the ownership of shares of Class B common stock received in the Conversion (as defined below). On December 8, 2008 (the "Conversion Date"), Triple-S Management Corporation announced the conversion of seven million issued and outstanding shares of its Class A common stock into shares of Class B common stock effective immediately, in conjunction with the expiration of the lockup agreements signed by holders of Class A shares at the time of the Company's initial public offering (the "Conversion"). Represents total number of shares of Class A common stock converted into shares of Class B common stock on the Conversion Date. No purchase price was payable by the reporting person in the Conversion. Represents the total number of shares of Class B common stock owned as a result the Conversion. Represents the total number of shares of Class B common stock owned including the shares of Class B common stock received by the reporting person on the Conversion Date. /s/ Manuel Rodriguez-Boissen, attorney-in-fact 2009-04-29