SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SPEP GENERAL PARTNER LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WELLCARE HEALTH PLANS, INC. [ WCG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
SPEP GENERAL PARTNER LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
QIH MANAGEMENT INVESTOR LP

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
QIH MANAGEMENT LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SOROS FUND MANAGEMENT LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SOROS GEORGE

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
Remarks:
Effective as of April 14, 2005, (i) the entity formerly known as Soros Private Equity Investors LP, a Delaware limited partnership, changed its name to TowerBrook Investors L.P. ("TBI"); (ii) the entity formerly known as SPEP General Partner LP, a Delaware limited partnership, changed its name to TCP General Partner L.P. ("TCP GP"); and SPEP General Partner LLC, a Delaware limited liability company ("SPEP GP LLC"), ceased to be the general partner of TCP GP. Reference is hereby made to a Form 3 to be filed on April 25, 2005 with respect to the Shares of the Issuer held for the account of TBI. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The following notes relate to the signatures for this statement: (a) Richard D. Holahan, Jr. is signing in his capacity as Assistant General Counsel of SFM, the managing member of QIH Management LLC, the sole general partner of QIH Management Investor, L.P., the managing member of SPEP General Partner LLC. (b) Richard D. Holahan, Jr. is signing in his capacity as Assistant General Counsel of SFM, the managing member of QIH Management LLC, the sole general partner of QIH Management Investor, L.P. (c) Richard D. Holahan, Jr. is signing in his capacity as Assistant General Counsel of SFM, the managing member of QIH Management LLC.
Richard D. Holahan, Jr., SPEP General Partner LLC (a) 04/25/2005
Richard D. Holahan, Jr., QIH Management Investor, L.P. (b) 04/25/2005
Richard D. Holahan, Jr., QIH Management LLC (c) 04/25/2005
Richard D. Holahan, Jr., as Assistant General Counsel of Soros Fund Management LLC 04/25/2005
Richard D. Holahan, Jr., as Attorney-in-Fact for Mr. George Soros 04/25/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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