0001209191-11-036596.txt : 20110628 0001209191-11-036596.hdr.sgml : 20110628 20110628162130 ACCESSION NUMBER: 0001209191-11-036596 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110624 FILED AS OF DATE: 20110628 DATE AS OF CHANGE: 20110628 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McCahill Francis Xavier III CENTRAL INDEX KEY: 0001438968 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34126 FILM NUMBER: 11935999 MAIL ADDRESS: STREET 1: 1314 SOUTH RAMONA AVENUE CITY: INDIALANTIC STATE: FL ZIP: 32903 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Homeowners Choice, Inc. CENTRAL INDEX KEY: 0001400810 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5300 WEST CYPRESS STREET CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 727-213-3651 MAIL ADDRESS: STREET 1: 5300 WEST CYPRESS STREET CITY: TAMPA STATE: FL ZIP: 33607 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2011-06-24 0 0001400810 Homeowners Choice, Inc. HCII 0001438968 McCahill Francis Xavier III 5300 W. CYPRESS STREET SUITE 100 TAMPA FL 33607 1 1 0 0 President and CEO Common stock 2000 D Common stock 2011-06-24 4 M 0 125200 2.50 A 125200 D Common stock 2011-06-27 4 D 0 85200 2.50 D 40000 D Stock Warrant (Right to Buy) 9.10 2008-07-30 2013-07-30 Common 500 1000 D Stock Option (Right to Buy) 2.50 2011-06-24 4 M 0 26000 2.50 D 2007-06-01 2017-05-31 Common 26000 0 D Stock Option (Right to Buy) 2.50 2011-06-24 4 M 0 99200 2.50 D 2017-05-31 Common 99200 24800 D Shares are held jointly with spouse. These shares were redeemed by the issuer at a price of $6.50 per share on June 27, 2011. Such redemption was required under the terms of a voluntary separation agreement between Mr. McCahill and Homeowners Choice, Inc. In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 1,000 units were purchased on 7/30/08 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 IPO closing date. The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan. These options fully vested effective with the June 1, 2007 grant date. Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2012, the amount of 24,800 options will vest and become exercisable on each such annual vesting date. /s/ Cathy J. Welch as Attorney-in-fact for Francis X. McCahill III 2011-06-28