X0303 4 2011-06-23 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 4.70 2011-06-23 4 A 0 45000 0 A 2016-06-23 Common Stock 45000 210000 D Option was granted in connection with a Non-Qualified Stock Option Agreement for Non-Employee Directors by and between the Company and Mr. Schindler, effective as of June 23, 2011. This option will vest in full on the earlier of (i) June 23, 2012, and (ii) the first annual meeting of the Company's shareholders, following June 23, 2011, at which the shareholders elect or reelect any directors to the Board. /s/ Ozzie A. Schindler 2011-06-27