4//SEC Filing
HCI Group, Inc. 4
Accession 0001209191-15-069966
$HCICIK 0001400810operating
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 5:21 PM ET
Size
9.7 KB
Accession
0001209191-15-069966
Insider Transaction Report
Form 4
Patel Harish M
Director
Transactions
- Exercise/Conversion
Common stock
2015-09-08$6.30/sh+10,000$63,000→ 10,000 total - Exercise/Conversion
Stock Option (Right to buy)
2015-09-08$6.30/sh−10,000$63,000→ 20,000 totalExercise: $6.30Exp: 2021-08-25→ Common (10,000 underlying)
Holdings
- 64,000
Common stock
- 24,000
Common stock
Footnotes (5)
- [F1]Shares are held jointly with spouse.
- [F2]Restricted stock grant of 24,000 shares effective 5/16/2013: Restrictions will lapse: (i) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $35 per share for 20 consecutive trading days; (ii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $50 per share for 20 consecutive trading days; (iii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days; (iv) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares of which restrictions have not lapsed 6 years and one day from the grant date will be forfeited. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 5/16/2013.
- [F3]As of September 9, 2015, 6,000 shares have vested and 18,000 shares remain subject to restrictions.
- [F4]The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
- [F5]Commencing on April 20, 2012 and continuing on the same day of each calendar year thereafter through and including April 20, 2014, the amount of 10,000 options became exercisable on each such annual vesting date.
Documents
Issuer
HCI Group, Inc.
CIK 0001400810
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001400810
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 5:21 PM ET
- Size
- 9.7 KB