0001209191-16-091151.txt : 20160113
0001209191-16-091151.hdr.sgml : 20160113
20160113160430
ACCESSION NUMBER: 0001209191-16-091151
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160112
FILED AS OF DATE: 20160113
DATE AS OF CHANGE: 20160113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HCI Group, 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
STREET 2: SUITE 100
CITY: TAMPA
STATE: FL
ZIP: 33607
BUSINESS PHONE: 813 849-9500
MAIL ADDRESS:
STREET 1: 5300 WEST CYPRESS STREET
STREET 2: SUITE 100
CITY: TAMPA
STATE: FL
ZIP: 33607
FORMER COMPANY:
FORMER CONFORMED NAME: Homeowners Choice, Inc.
DATE OF NAME CHANGE: 20070524
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Patel Paresh
CENTRAL INDEX KEY: 0001439934
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34126
FILM NUMBER: 161340906
MAIL ADDRESS:
STREET 1: 1520 GULF BLVD., APT. 1706
CITY: CLEARWATER
STATE: FL
ZIP: 33767
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-01-12
0
0001400810
HCI Group, Inc.
HCI
0001439934
Patel Paresh
5300 W. CYPRESS STREET
SUITE 100
TAMPA
FL
33607
1
1
0
0
Chief Executive Officer
Common stock
2016-01-12
4
P
0
1000
31.6733
A
151939
D
Common stock
34000
I
IRA
Common stock
400000
D
Common stock
284000
D
Stock Option (Right to Buy)
2.50
2017-09-05
Common
60000
60000
D
Acquired pursuant to a Section 10b5-1 purchase plan adopted by the Reporting Person.
The reported price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $31.19 to $32.15 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Restricted stock grant of 400,000 shares effective 5/16/2013: Restrictions will lapse: (i) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $35 per share for 20 consecutive trading days; (ii) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $50 per share for 20 consecutive trading days; (iii) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days; (iv) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares of which restrictions have not lapsed 6 years and one day from grant date will be forfeited. 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 5/16/2013.
As of the date of this filing, 100,000 shares have vested and 300,000 shares remain subject to restrictions.
Shares held jointly with spouse.
The options were granted pursuant to the HCI Group, Inc. 2007 Stock Option and Incentive Plan.
These options vested and became immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share.
/s/ Cathy J. Welch as Attorney-in-fact for Paresh Patel
2016-01-13