HCI Group, Inc. — Director's Dealing 2008

Jul 23, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Allen Richard R (Chief Financial Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$2.50	2017-05-31	Common Stock (4000)		Direct
Stock Option (Right to Buy)	$2.50	2017-05-31	Common Stock (16000)		Direct

Footnotes

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

F2: These options fully vested effective with the June 1, 2007 grant date.

F3: Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2012, the amount of 3,200 options will vest and become exercisable on each such annual vesting date.