HCI Group, Inc. — Director's Dealing 2012

Nov 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2012-11-20

Reporting Person: TRABER MARTIN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-20	Common stock	M	18152	$2.50	Acquired	150907	Direct
2012-11-20	Common stock	S	1000	$20.7801	Disposed	149907	Direct
2012-11-20	Common stock	S	1000	$20.5601	Disposed	148907	Direct
2012-11-20	Common stock	S	300	$20.56	Disposed	148607	Direct
2012-11-20	Common stock	S	100	$20.58	Disposed	148507	Direct
2012-11-20	Common stock	S	1600	$20.55	Disposed	146907	Direct
2012-11-20	Common stock	S	392	$20.6615	Disposed	146515	Direct
2012-11-20	Common stock	S	608	$20.66	Disposed	145907	Direct
2012-11-20	Common stock	S	850	$20.70	Disposed	145057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-20	Stock Option (Right to Buy)	$2.50	M	18152	Disposed	2017-05-31	Common (0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	80000	Indirect

Footnotes

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

F2: 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.