X0303 4 2010-05-19 0 0000891166 UNIVERSAL INSURANCE HOLDINGS, INC. UVE 0000901086 MEIER NORMAN M 111- WEST COMMERCIAL BOULEVARD SUITE 100 FORT LAUDERDALE FL 33309 1 0 0 0 Option to Purchase Common Stock 4.87 2010-05-19 4 A 0 45000 0 D 2015-05-19 Common Stock 45000 170000 D Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Meier, effective as of May 19, 2010. This option will vest as follows: (a) 22,500 shares vest immediately on grant date, May 19, 2010; and (b) 22,500 shares vest on May 19, 2011. /s/ Norman M. Meier 2010-05-25