X0306 4 2014-11-12 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 Common Stock 2014-11-12 4 S 0 20000 19.03 D 43652 D Common Stock 2014-11-12 4 M 0 45000 4.51 A 88652 D Common Stock 2014-11-12 4 F 0 10424 19.47 D 78228 D Option to Purchase Common Stock 4.51 2014-11-12 4 M 0 45000 0 D 2014-03-12 2018-03-12 Common Stock 45000 20000 D The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.00 to $19.12, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1). Code M represents an exercise or conversion of derivative security exempted pursuant to Rule 16b-3 of the Securities Exchange Act, as amended ("Rule 16b-3"). Code F represents payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Schindler, effective as of March 12, 2013. The option vested in full on March 12, 2014. /s/ Ozzie A. Schindler 2014-11-14