HCI Group, Inc. — Director's Dealing 2012

Nov 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2012-11-09

Reporting Person: TRABER MARTIN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-09	Common stock	M	3442	$2.50	Acquired	57125	Direct
2012-11-12	Common stock	M	4000	$2.50	Acquired	53125	Direct
2012-11-09	Common stock	S	3042	$21.55	Disposed	50083	Direct
2012-11-09	Common stock	S	400	$21.61	Disposed	49683	Direct
2012-11-12	Common stock	S	2500	$20.78	Disposed	47183	Direct
2012-11-12	Common stock	S	700	$20.80	Disposed	46483	Direct
2012-11-12	Common stock	S	800	$20.79	Disposed	45683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-09	Stock Option (Right to Buy)	$2.50	M	3442	Disposed	2017-05-31	Common (79555)	Direct
2012-11-12	Stock Option (Right to Buy)	$2.50	M	4000	Disposed	2017-05-31	Common (75555)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	80000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$2.50	2017-05-31	Common (30000)	30000	Direct

Footnotes

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

F2: 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.

F3: 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.