X0203 3 2011-04-29 0 0001514128 UNIVERSAL AMERICAN CORP. UAM 0000925183 PERRY RICHARD C C/O PERRY CORP., 767 FIFTH AVENUE, 19TH FLOOR NEW YORK NY 10153 1 0 0 0 Common Stock, par value $0.01 per share 2699705 I By Perry Partners, L.P. Common Stock, par value $0.01 per share 4414601 I By Perry Partners International, Inc. Common Stock, par value $0.01 per share 490327 I By Perry Private Opportunities Fund, L.P. Common Stock, par value $0.01 per share 89552 I By Perry Private Opportunities Offshore Fund, L.P. The general partner and/or investment advisor of Perry Partners, L.P., Perry Partners International, Inc., Perry Private Opportunities Fund, L.P. and Perry Private Opportunities Offshore 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 shares held by the Perry Funds, 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. /s/ Michael C. Neus, as attorney-in-fact 2011-05-03