HCI Group, Inc. — Director's Dealing 2009

Aug 20, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2009-08-18

Reporting Person: Allen Richard R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-18	Common stock	P	250	$5.89	Acquired	250	Direct

Holdings (Derivative)

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

Footnotes

F1: Shares are held jointly with spouse.

F2: The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.

F3: These options fully vested effective with the June 1, 2007 grant date.

F4: Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2012, 3,200 options will vest and become exercisable on each such annual vesting date.