HCI Group, Inc. — Director's Dealing 2008

Aug 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2008-08-21

Reporting Person: Vernon Garth A. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-21	Stock Option (Right to Buy)	$7.00	A	40000	Acquired	2018-08-20	Common (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	60000	Direct

Footnotes

F1: The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.

F2: On August 1, 2009, 13,334 options will vest and become exercisable. Thereafter, 13,333 options will vest and become exercisable on August 1, 2010 and 13,333 options will vest and become exercisable on August 1, 2011.