SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Milligan Thomas M

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

(Street)
ST. PETERSBURG FL 33716

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2007
3. Issuer Name and Ticker or Trading Symbol
FIRST ADVANTAGE CORP [ FADV ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Corporate Treasurer
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 1,520 D(1)
Class A Common Stock 100 D(2)
Class A Common Stock 767 I(3) By 401(k)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Option Right to Buy(4) 06/03/2004 06/18/2013 Class A Common Stock 16,600 21.625 D
Employee Option Right to Buy(5) 07/18/2004 07/18/2013 Class A Common Stock 70 14.99 D
Employee Option Right to Buy(6) 02/22/2006 02/22/2015 Class A Common Stock 15,000 19.49 D
Employee Option Right to Buy(7) 02/21/2007 02/21/2016 Class A Common Stock 20,000 24.93 D
Employee Option Right to Buy(8) 02/22/2008 02/22/2017 Class A Common Stock 20,000 26.76 D
Explanation of Responses:
1. Prior to becoming an insider, the reporting person had acquired these shares through participation in the First Advantage Employee Stock Purchase Plan.
2. Prior to becoming an insider, the reporting person had directly acquired these shares.
3. Prior to becoming an insider, the reporting person had acquired these shares through participation in the First Advantage 401(k).
4. Prior to becoming an insider, the reporting person was granted of 20,600 options on June 4, 2003. Pursuant to the FADV Stock Option Plan this grant vested in 3 annual installments on June 4, 2004, June 4, 2005 and June 4, 2006. Prior to becoming an insider, the reporting person exercised 4,000 of the vested options.
5. Prior to becoming an insider, the reporting person was granted 4,000 options on July 18, 2003. Pursuant to the FADV Stock Option Plan this grant vested in 3 annual installments on July 18, 2004, July 18, 2005 and July 18, 2006. Prior to becoming an insider, the reporting person exercised 3,030 of the vested options.
6. Prior to becoming an insider, the reporting person was granted this annual option on February 22, 2005. Pursuant to the FADV Stock Option Plan this grant vests in 3 annual installments of 5,010 on February 22, 2006, 4,995 on February 22, 2007 and 4,995 on February 22, 2008.
7. Prior to becoming an insider, the reporting person was granted this annual option on February 21, 2006. Pursuant to the FADV Stock Option Plan this grant vests in 3 annual installments of 6,680 on February 21, 2007, 6,660 on February 21, 2008 and 6,660 on February 21, 2009.
8. Prior to becoming an insider, the reporting person was granted this annual option on February 21, 2006. Pursuant to the FADV Stock Option Plan this grant vests in 3 annual installments of 6,680 on February 22, 2008, 6,660 on February 22, 2009 and 6,660 on February 22, 2010.
Remarks:
By: Sharlyn Nudelman, Power of Attorney 05/18/2007
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.