HCI Group, Inc. — Director's Dealing 2013

Jul 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HCI Group, Inc. (HCI)
CIK: 0001400810
Period of Report: 2013-07-20

Reporting Person: Allen Richard R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-20	Common Stock	F	1085	$35.21	Disposed	24000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	450	Direct
Common Stock	13104	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$2.50	2017-05-31	Common (4000)	4000	Direct
Stock Option (Right to Buy)	$2.50	2017-05-31	Common (6000)	6000	Direct

Footnotes

F1: Shares are held jointly with spouse.

F2: 1,085 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 4,000 restricted shares on 7/20/2013.

F3: Restricted stock grant of 30,000 shares effective 5/8/2012: Restrictions on 10,000 shares of the restricted stock will lapse in annual increments of 2,000 shares beginning on the first anniversary of the vesting date. With respect to the remaining 20,000 restricted shares, the restriction period will lapse and 4,000 restricted shares will vest one year after the market price of HCI common shares equals or exceeds the target price in each case for 20 consecutive trading days. The target prices set for this grant are $16, $19, $22, $25 and $28. The number of shares in column 5 represent the remaining unvested shares pursuant to this 5/8/2012 restricted stock grant.

F4: The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.

F5: These options fully vested effective with the June 1, 2007 grant date.

F6: Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2012, 3,200 options will vest and become exercisable on each such annual vesting date.