X0303 4 2009-08-14 0 0001400810 Homeowners Choice, Inc. HCII 0001439934 Patel Paresh 2340 DREW STREET SUITE 200 CLEARWATER FL 33765 1 1 0 0 Executive Chairman Common stock 284000 D Common stock 11000 D Stock Warrant (Right to Buy) 9.10 2013-07-30 Common 2000 4000 D Stock Option (Right to Buy) 2.50 2017-09-05 Common 60000 60000 D Stock Option (Right to Buy) 2.50 2017-05-31 Common 120000 120000 D Stock Option (Right to Buy) 2.50 2017-05-31 Common 30000 30000 D Stock Warrant (Right to Buy) 9.10 2008-11-14 2013-07-30 Common 1400 2800 I IRA Stock Warrant (Right to Buy) 9.10 2008-11-18 2013-07-30 Common 1900 3800 I IRA Stock Warrant (Right to Buy) 9.10 2008-11-19 2013-07-30 Common 2050 4100 I IRA Stock Warrant (Right to Buy) 9.10 2008-11-20 2013-07-30 Common 2500 5000 I IRA Stock Warrant (Right to Buy) 9.10 2008-11-25 2013-07-30 Common 500 1000 I IRA Stock Warrant (Right to Buy) 9.10 2008-12-09 2013-07-30 Common 450 900 D Stock Warrant (Right to Buy) 9.10 2009-02-02 2013-07-30 Common 180 360 I IRA Stock Warrant (Right to Buy) 9.10 2009-02-06 2013-07-30 Common 750 1500 I IRA Stock Warrant (Right to Buy) 9.10 2009-02-04 2013-07-30 Common 401 802 I IRA Stock Warrant (Right to Buy) 9.10 2009-03-25 2013-07-30 Common 750 1500 I IRA Stock Warrant (Right to Buy) 9.10 2009-03-30 2013-07-30 Common 500 1000 I IRA Stock Warrant (Right to Buy) 9.10 2009-04-01 2013-07-30 Common 2200 4400 I IRA Stock Warrant (Right to Buy) 9.10 2009-04-06 2013-07-30 Common 2000 4000 I IRA Stock Warrant (Right to Buy) 9.10 2009-05-06 2013-07-30 Common 2500 5000 I IRA Stock Warrant (Right to Buy 9.10 2009-05-11 2013-07-30 Common 2500 5000 I IRA Stock Warrant (Right to Buy) 9.10 2009-05-21 2013-07-30 Common 2500 5000 I IRA Stock Warrant (Right to Buy) 9.10 2009-05-28 2013-07-30 Common 1450 2900 I IRA Stock Warrant (Right to Buy) 9.10 2009-06-05 2013-07-30 Common 1300 2600 I IRA Stock Warrant (Right to Buy) 9.10 2009-07-28 2013-07-30 Common 1025 2050 I IRA Stock Warrant (Right to Buy) 9.10 2009-08-14 4 P 0 5000 0.6971 A 2009-08-14 2013-07-30 Common 2500 5000 I IRA Stock Warrant (Right to Buy) 9.10 2009-08-17 4 P 0 5000 0.69 A 2009-08-17 2013-07-30 Common 2500 5000 I IRA Shares are held jointly with spouse. In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 4,000 units were purchased on 7/25/08 at a price of $7.00 per unit, with each unit consisting of one share of common stock and one warrant. Two warrants may be exercised to acquire one share of common stock at an exercise price equal to $9.10 per share. The warrants may be exercised any time after the closing of the IPO up to five years after the July 30, 2008 IPO closing date. The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan. These options vest and become immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share. Commencing on June 1, 2007 and continuing on the first day of each calendar month thereafter through and including January 1, 2010, the amount of 5,000 options will vest and become exercisable on each such monthly vesting date. Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2010, the amount of 10,000 options will vest and become exercisable on each such annual vesting date. Acquired pursuant to a Section 10b5-1 purchase plan. 2,800 warrants were purchased on 11/14/08 at a price of $0.3382 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. Warrants are held in the reporting person's IRA. 3,800 warrants were purchased on 11/18/08 at a price of $0.45 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 4,100 warrants were purchased on 11/19/08 at a price of $0.35 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 11/20/08 at a price of $0.38 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 1,000 warrants were purchased on 11/25/08 at a price of $0.40 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 900 warrants were purchased on 12/09/08 at a price of $0.50 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 360 warrants were purchased on 2/2/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 1,500 warrants were purchased on 2/06/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 802 warrants were purchased on 2/4/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 1,500 warrants were purchased on 3/25/09 at a price of $0.42 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 1,000 warrants were purchased on 3/30/09 at a price of $0.49 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 4,400 warrants were purchased on 4/01/09 at a price of $0.475 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 4,000 warrants were purchased on 4/06/09 at a price of $0.45 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 5/06/09 at a price of $0.474 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 05/11/09 at a price of $0.504 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 05/21/09 at a price of $0.50 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 2,900 warrants were purchased on 05/28/09 at a price of $0.50 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 2,600 warrants were purchased on 06/05/09 at a price of $0.5077 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 2,050 warrants were purchased on 07/28/09 at a price of $0.5834 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 08/14/09 at a price of $0.6971 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. 5,000 warrants were purchased on 08/17/09 at a price of $0.69 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share. /s/ Cathy J. Welch as Attorney-in-fact for Paresh Patel 2009-08-17