HCI Group, Inc. — Director's Dealing 2010

Feb 2, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2009-04-24

Reporting Person: Graham Andrew L. (VP/Corporate Secretary)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Warrants (Right to Buy)	$9.10	2013-07-30	Common stock (500)		Indirect

Footnotes

F1: In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 1,000 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.