0001209191-23-049979.txt : 20230919 0001209191-23-049979.hdr.sgml : 20230919 20230919164817 ACCESSION NUMBER: 0001209191-23-049979 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230915 FILED AS OF DATE: 20230919 DATE AS OF CHANGE: 20230919 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: 231264411 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] 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 doc4.xml FORM 4 SUBMISSION X0508 4 2023-09-15 0 0001400810 HCI Group, Inc. HCI 0001439934 Patel Paresh 3802 COCONUT PALM DRIVE TAMPA FL 33619 1 1 1 0 Chief Executive Officer 0 Common Stock 333000 D Common stock 37500 I IRA Common stock 447000 D Common Stock 10000 D Common Stock 10000 D Stock Option (Right to Buy) 40.00 2027-01-07 Common 110000 110000 D Stock Option (Right to Buy) 40.00 2028-02-08 Common 110000 110000 D Stock Option (Right to Buy) 53.00 2029-01-15 Common 110000 110000 D Stock Option (Right to Buy) 48.00 2030-01-16 Common 110000 110000 D Stock Option (Right to Buy) 70.00 2023-09-15 4 A 0 150000 A 2033-09-15 Common 150000 150000 D Shares held jointly with spouse. Restricted stock grant of 40,000 shares effective January 16, 2020: Restrictions on 10,000 shares will lapse on each of January 16, 2021, January 16, 2022, January 16, 2023, and January 16, 2024. 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 award contract dated January 16, 2020. 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 trading 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. Of the 110,000 options, 82,500 have vested and the remaining 27,500 options will vest January 16, 2024. Once vested, the options may be exercised at any time up to and including January 16, 2030. The options were granted on September 15, 2023 and the options will vest, if ever, on the date on which the company stock value first equals or exceeds $80.00 for 20 consecutive trading days on the applicable exchange. If the above conditions are met, the options will be exercisable at an exercise price of $70.00 per share. The options will expire on September 15, 2033. /s/ Andrew L. Graham as Attorney-in-fact for Paresh Patel 2023-09-19