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HCI Group, Inc. — Director's Dealing 2009
May 12, 2009
31530_dirs_2009-05-12_4c05976f-b85a-4f29-81c0-9594012b40ab.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: 2009-05-06
Reporting Person: Patel Paresh (Director, Executive Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-05-06 | Stock Warrant (Right to Buy) | $9.10 | P | 5000 | Acquired | 2013-07-30 | Common (2500) | Indirect |
| 2009-05-11 | Stock Warrant (Right to Buy | $9.10 | P | 5000 | Acquired | 2013-07-30 | Common (2500) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common stock | 284000 | Direct |
| Common stock | 11000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (2000) | 4000 | Direct |
| Stock Option (Right to Buy) | $2.50 | 2017-09-05 | Common (60000) | 60000 | Direct |
| Stock Option (Right to Buy) | $2.50 | 2017-05-31 | Common (120000) | 120000 | Direct |
| Stock Option (Right to Buy) | $2.50 | 2017-05-31 | Common (30000) | 30000 | Direct |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (1400) | 2800 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (1900) | 3800 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (2050) | 4100 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (2500) | 5000 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (500) | 1000 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (450) | 900 | Direct |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (180) | 360 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (750) | 1500 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (401) | 802 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (750) | 1500 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (500) | 1000 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (2200) | 4400 | Indirect |
| Stock Warrant (Right to Buy) | $9.10 | 2013-07-30 | Common (2000) | 4000 | Indirect |
Footnotes
F1: Shares are held jointly with spouse.
F2: In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 4,000 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.
F3: The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
F4: These options vest and become immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share.
F5: 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.
F6: 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.
F7: Acquired pursuant to a Section 10b5-1 purchase plan.
F8: 2,800 warrants were purchased on 11/14/08 at a price of $0.3382 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F9: Warrants are held in the reporting person's IRA.
F10: 3,800 warrants were purchased on 11/18/08 at a price of $0.45 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F11: 4,100 warrants were purchased on 11/19/08 at a price of $0.35 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F12: 5,000 warrants were purchased on 11/20/08 at a price of $0.38 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F13: 1,000 warrants were purchased on 11/25/08 at a price of $0.40 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F14: 900 warrants were purchased on 12/09/08 at a price of $0.50 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F15: 360 warrants were purchased on 2/2/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F16: 1,500 warrants were purchased on 2/06/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F17: 802 warrants were purchased on 2/4/09 at a price of $0.47 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F18: 1,500 warrants were purchased on 3/25/09 at a price of $0.42 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F19: 1,000 warrants were purchased on 3/30/09 at a price of $0.49 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F20: 4,400 warrants were purchased on 4/01/09 at a price of $0.475 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F21: 4,000 warrants were purchased on 4/06/09 at a price of $0.45 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F22: 5,000 warrants were purchased on 5/06/09 at a price of $0.474 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.
F23: 5,000 warrants were purchased on 05/11/09 at a price of $0.504 per warrant. Two warrants may be exercised to acquire one share of the Company's common stock at an exercise price equal to $9.10 per share.