X0202 4 2007-01-09 0 0000891166 UNIVERSAL INSURANCE HOLDINGS, INC. UVE 0001409331 SCHINDLER OZZIE A 1110 WEST COMMERCIAL BOULEVARD SUITE 100 FORT LAUDERDALE FL 33309 1 0 0 0 Option to Purchase Common Stock 2.60 2007-01-09 4 A 0 35000 0 A 2008-01-09 2012-01-09 Common Stock 35000 35000 D Option to Purchase Common Stock 6.50 2007-07-12 4 A 0 35000 0 A 2008-07-12 2012-07-12 Common Stock 35000 70000 D Option was granted in connection with the appointment of Ozzie A. Schindler to the Board of Directors of Universal Insurance Holdings, Inc. ("Universal") and the related Non-Qualified Stock Option Agreement for Non-Employee Directors by and between Universal and Mr. Schindler dated, January 9, 2007. Option was granted in connection with (i) the execution of a Director Services Agreement by and between Universal and Mr. Schindler and (ii) the related Non-Qualified Stock Option Agreement for Non-Employee Directors by and between Universal and Schindler, each dated July 12, 2007. /s/ Ozzie A. Schindler 2007-08-08