X0306 4 2018-03-19 0000891166 UNIVERSAL INSURANCE HOLDINGS, INC. UVE 0001287040 DOWNES SEAN P 1110 WEST COMMERCIAL BOULEVARD SUITE 100 FORT LAUDERDALE FL 33309 true true CEO Common Stock 2018-03-20 4 M 0 175000 24.18 A 1590981 D Common Stock 2018-03-20 4 M 0 133334 19.52 A 1724315 D Common Stock 2018-03-20 4 M 0 300000 19.52 A 2024315 D Common Stock 2018-03-20 4 F 0 475174 32.7 D 1549141 D Option to Purchase Common Stock 32.8 2018-03-19 4 A 0 463047 0 A 2028-03-19 Common Stock 463047 463047 D Option to Purchase Common Stock 24.18 2018-03-20 4 M 0 175000 0 D 2022-06-15 Common Stock 175000 125000 D Option to Purchase Common Stock 19.52 2018-03-20 4 M 0 133334 0 D 2026-02-28 Common Stock 133334 66666 D Option to Purchase Common Stock 19.52 2018-03-20 4 M 0 300000 0 D 2026-02-28 Common Stock 300000 150000 D Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Downes, effective as of March 19, 2018. This option is scheduled to vest as follows: (a) 154,349 shares vest on January 15, 2019, (b) 154,349 shares vest on January 15, 2020 and (c) 154,349 shares vest on January 15, 2021. Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Downes, effective as of June 15, 2015. This option is scheduled to vest as follows: (a) 100,000 shares vested on June 15, 2016; (b) 75,000 shares vested on June 15, 2017; (c) 75,000 shares vest on June 15, 2018; and (d) 50,000 shares vest on June 15, 2019. Option was granted in connection with a Non-Qualified Stock Option Agreement by and between the Company and Mr. Downes, effective as of February 29, 2016. This option is scheduled to vest as follows: (a) 66,667 shares vested on February 28, 2017, (b) 66,667 shares vested on February 28, 2018 and (c) 66,666 shares vest on February 28, 2019 This option is scheduled to vest as follows: (a) 150,000 shares vested on January 15, 2017, (b) 150,000 shares vested on January 15, 2018 and (c) 150,000 shares vest on January 15, 2019. /s/ Sean P. Downes 2018-03-21