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HCI Group, Inc. Director's Dealing 2008

Jul 23, 2008

31530_dirs_2008-07-23_9ff96357-6215-4243-b901-d512743f474f.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2008-07-23

Reporting Person: TRABER MARTIN A (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common stock 120000 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $2.50 2017-05-31 Common stock (160000) Direct
Stock Option (Right to Buy) $2.50 2017-05-31 Common stock (30000) Direct

Footnotes

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

F2: Commencing on June 1, 2007 and continuing on the first day of each calendar month thereafter through and including January 1, 2010, the amount of 5,000 options will vest and become exercisable on each such monthly vesting date.

F3: 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.