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HCI Group, Inc. — Director's Dealing 2008
Jul 29, 2008
31530_dirs_2008-07-29_4bdebe77-d067-4980-97a7-db206d63c288.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2008-07-25
Reporting Person: Saravanos Anthony (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-07-25 | Common stock | P | 800 | $7.00 | Acquired | 800 | Direct |
| 2008-07-25 | Common stock | P | 800 | $7.00 | Acquired | 800 | Indirect |
| 2008-07-25 | Common stock | P | 800 | $7.00 | Acquired | 800 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-07-25 | Stock Warrant (Right to Buy) | $9.10 | P | 800 | Acquired | 2013-07-30 | Common (400) | Indirect |
| 2008-07-25 | Stock Warrant (Right to Buy) | $9.10 | P | 800 | Acquired | 2013-07-30 | Common (400) | Indirect |
| 2008-07-25 | Stock Warrant (Right to Buy) | $9.10 | P | 800 | Acquired | 2013-07-30 | Common (400) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common stock | 80000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $2.50 | 2017-05-31 | Common (30000) | 30000 | Direct |
Footnotes
F1: In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 800 units were purchased on 7/25/08 at a price of $7.00 per unit, with each unit consisting of one share of common stock and one warrant. Two warrants may be exercised to acquire one share of common stock at an exercise price equal to $9.10 per share. The warrants may be exercised any time after the closing of the IPO up to five years after the July 30, 2008 IPO closing date.
F2: Shares held jointly with spouse.
F3: The reporting person holds voting and investment power of the 80,000 shares held by HC Investment LLC.
F4: The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
F5: Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2010, the amount of 10,000 options will vest and become exercisable on each such annual vesting date.