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