0000950170-24-046455.txt : 20240422
0000950170-24-046455.hdr.sgml : 20240422
20240422162852
ACCESSION NUMBER: 0000950170-24-046455
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240417
FILED AS OF DATE: 20240422
DATE AS OF CHANGE: 20240422
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Patel Paresh
CENTRAL INDEX KEY: 0001439934
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34126
FILM NUMBER: 24861516
MAIL ADDRESS:
STREET 1: 1520 GULF BLVD., APT. 1706
CITY: CLEARWATER
STATE: FL
ZIP: 33767
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HCI Group, Inc.
CENTRAL INDEX KEY: 0001400810
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 000000000
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3802 COCONUT PALM DRIVE
CITY: TAMPA
STATE: FL
ZIP: 33619
BUSINESS PHONE: 813 849-9500
MAIL ADDRESS:
STREET 1: 3802 COCONUT PALM DRIVE
CITY: TAMPA
STATE: FL
ZIP: 33619
FORMER COMPANY:
FORMER CONFORMED NAME: Homeowners Choice, Inc.
DATE OF NAME CHANGE: 20070524
4
1
ownership.xml
4
X0508
4
2024-04-17
0001400810
HCI Group, Inc.
HCI
0001439934
Patel Paresh
3802 COCONUT PALM DRIVE
TAMPA
FL
33619
true
true
true
false
Chief Executive Officer
false
Common Stock
2024-04-17
4
A
false
200000
A
200000
D
Common Stock
37500
I
IRA
Common Stock
727000
D
Common Stock
10000
D
Common Stock
69500
D
Stock Option (Right to Buy)
40
2027-01-07
Common
110000
110000
D
Stock Option (Right to Buy)
40
2028-02-08
Common
110000
110000
D
Stock Option (Right to Buy)
53
2029-01-15
Common
110000
110000
D
Stock Option (Right to Buy)
48
2030-01-16
Common
110000
110000
D
Stock Option (Right to Buy)
70
2033-09-15
Common
150000
150000
D
Restricted stock grant of 200,000 shares effective 4/17/2024: If at any time the Fair Market Value equals or exceeds $200 for 30 consecutive trading days (the "Vesting Trigger Date"), the restricted shares will vest and the restrictions will lapse as follows. 50,000 of the restricted shares on the later of the Vesting Trigger Date or March 15, 2025; March 15, 2026; March 15, 2027; and March 15, 2028. No portion of the restriction period will lapse six years and one day after the grant date. All remaining restricted shares will be forfeited at that time. 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 4/17/2024.
Shares held jointly with spouse.
Restricted stock grant of 10,000 shares effective 2/26/2021: Restricted shares will vest, if ever, on the first anniversary of the date on which the company stock value first equals or exceeds $140 for 30 consecutive days on the applicable exchange. 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 2/26/2021.
The options were granted pursuant to the HCI Group, Inc. 2012 Omnibus Incentive Plan.
The options were granted on January 7, 2017 at an exercise price of $40.00 per share, in excess of the $39.71 market value. All options have vested and may be exercised at any time up to and including January 7, 2027.
The options were granted on February 8, 2018 at an exercise price of $40.00 per share, in excess of the $34.92 market value. All options have vested and may be exercised at any time up to and including February 8, 2028.
The options were granted on January 15, 2019 at an exercise price of $53.00 per share, in excess of the $47.94 market value. All options have vested and may be exercised at any time up to and including January 15, 2029.
The options were granted on January 16, 2020 at an exercise price of $48.00 per share, in excess of the $45.97 market value. All options have vested and may be exercised at any time up to and including January 16, 2030.
The options were granted on September 15, 2023 and vested on December 14, 2023 at an exercise price of $70.00 per share when the company stock value first equaled and exceeded $80.00 for 20 consecutive days on the applicable exchange. The options will expire on September 15, 2033.
/s/ Andrew L. Graham as Attorney-in-fact for Paresh Patel
2024-04-22