X0306 4 2017-09-20 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 227000 D Common stock 34000 I IRA Common stock 300000 D Common stock 2017-09-20 4 P 0 1000 36.0616 A 285000 D Common Stock 40000 D Stock Option (Right to Buy) 40.00 2027-01-07 Common 110000 110000 D Restricted stock grant of 400,000 shares effective 5/16/2013: the Issuer cancelled effective 3/2/2016 a 100,000 share tranche of this grant that was to have vested one year after the closing price of HCI common shares equaled or exceeded $50 per share for 20 consecutive trading days. Of the award's 300,000 remaining shares, 100,000 have previously vested, 100,000 shares will vest one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days, and 100,000 will vest one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares for which restrictions have not lapsed 6 years and one day from the 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. The reported price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $35.99 to $36.12 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. Shares held jointly with spouse. Restricted stock grant of 40,000 shares effective January 7, 2017: Restrictions on 10,000 shares will lapse on each of January 7, 2018, January 7, 2019, January 7, 2020, and January 7, 2021. 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 7, 2017. 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. Commencing on January 7, 2018 and continuing on the same day of each calendar year thereafter through and including January 7, 2021, the amount of 27,500 options will vest and become exercisable on each such annual vesting date. Once vested, the options may be exercised at any time up to and including January 7, 2027. /s/ Andrew L. Graham as Attorney-in-fact for Paresh Patel 2017-09-21