HCI Group, Inc. — Director's Dealing 2012

Apr 27, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCII)
CIK: 0001400810
Period of Report: 2012-04-20

Reporting Person: Wallace Scott R (Division President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Direct

Footnotes

F1: Restricted Stock Grant effective 4/20/2012:
(a) 50,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse in annual increments of 10,000 shares beginning on the first anniversary of the Vesting Date.
(b) The remaining 50,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse:
(i) as to 10,000 shares, one year after the Closing Price equals or exceeds $12 per share for 20 consecutive trading days;
(ii) as to 10,000 shares, one year after the Closing Price equals or exceeds $14 per share for 20 consecutive trading days;
(iii) as to 10,000 shares, one year after the Closing Price equals or exceeds $16 per share for 20 consecutive trading days;
(iv) as to 10,000 shares, one year after the Closing Price equals or exceeds $18 per share for 20 consecutive trading days;
(v) as to 10,000 shares, one year after the Closing Price equals or exceeds $18 per share for 20 consecutive trading days;