SEC FORM 4/A 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*
LONG JOHN W

(Last) (First) (Middle)
100 CARILLON PARKWAY

(Street)
ST. PETERSBURG FL 33716

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST ADVANTAGE CORP [ FADV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Consultant
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
04/03/2007
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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
Employee Option - Right to Buy $24.93 03/30/2007 A(1) 150,000(2) (1) 12/31/2008 Class A Common Stock 150,000 (1) 150,000 D
Employee Option Right to Buy $19.49 03/30/2007 A(3) 150,000 (3) 12/31/2008 Class A Common Stock 150,000 (3) 150,000 D
Employee Option Right to Buy-02-22-05 $19.49 03/30/2007 D(3) 150,000 02/22/2006(3) 02/23/2015 Class A Common Stock 150,000 (3) 0.00 D
Employee Option-Right to Buy $24.93 03/30/2007 D(1) 150,000(2) 02/20/2007(1) 02/20/2016 Class A Common Stock 150,000 (1) 150,000 D
Explanation of Responses:
1. The reported transactions involve an amendment to accelerate the vesting of the options awarded on February 21, 2006. Original vesting was in three annual installments of 33.33%, respectively with the first vesting on February 21, 2007and final vesting February 22, 2010. The expiration date of the original grant was February 21, 2016. The vesting has been acclerated so that all options are vested as of March 30, 2007. The exercise period has been amended to December 31, 2008. Conversion or Exercise Price of the Derivative Security in unaffected by the accelerated vesting date.
2. Due to a scrivener's error, the reporting person's Form 4 filing on March 30, 2007 incorrectly reflected the amount of this option as 300,000. The correct amount of the grant awarded on February 20, 2006 is 150,000 which was correctly reflected on the Form 4 filed on February 20, 2006. This error was also reflected in the reporting person's Form 5 filed on February 14, 2007.
3. The reported transactions involve an amendment to extend the vesting of the options awarded on February 22, 2005. Original vesting was in three annual installments of 34%, 33% and 33% respectively with the first vesting on February 22, 2006 and final vesting February 22, 2008. The expiration date of the original vesting was February 22, 2015. The vesting has been acclerated so that all options are vested as of March 30, 2007. The exercise period has been extended from February 22, 2008 to December 31, 2008. Conversion or Exercise Price of the Derivative Security in unaffected by the extended vesting date.
Remarks:
By: Sharlyn Nudelman, Power of Attorney 04/03/2007
** 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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