X0306 4 2015-12-24 0 0001006837 HC2 Holdings, Inc. HCHC 0001233569 FALCONE PHILIP C/O HC2 HOLDINGS, INC. 505 HUNTMAR PARK DRIVE, SUITE 325 HERNDON VA 20170 1 1 0 0 CEO, Chairman & President Stock Option (right to buy) 5.90 2015-12-24 4 A 0 100742 0 A 2024-05-21 Common Stock 100742 100742 D Stock Option (right to buy) 7.08 2015-12-24 4 A 0 200000 0 A 2024-05-21 Common Stock 200000 200000 D Reflects shares underlying an additional option (the "Option") to purchase shares of the common stock of HC2 Holdings, Inc. (the "Company") issued pursuant to an option agreement, originally dated as of May 21, 2014 and as reformed and clarified on October 26, 2014, between the Company and Philip Falcone (the "Option Agreement"). The Option vests in three equal annual installments beginning on the date of issuance, subject to Mr. Falcone's continued employment with the Company on each vesting date, and will become immediately exercisable in the event of a Fundamental Change Transaction (as defined in the Option Agreement). Reflects shares underlying an additional option (the "Contingent Option") to purchase shares of the common stock of the Company issued pursuant to the Option Agreement. The Contingent Option vests in three equal annual installments beginning on the date of issuance, subject to Mr. Falcone's continued employment with the Company on each vesting date, and will become immediately exercisable in the event of a Fundamental Change Transaction (as defined in the Option Agreement). The Contingent Option is exercisable as and to the extent that the related warrants are converted into common stock. /s/ Philip A. Falcone 2015-12-29