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