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HCI Group, Inc. — Director's Dealing 2013
Jul 1, 2013
31530_dirs_2013-07-01_6b1535b8-71fb-47b5-a003-66378e3a059f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HCI Group, Inc. (HCI)
CIK: 0001400810
Period of Report: 2013-06-30
Reporting Person: Madhu Sanjay (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-06-30 | Common Stock | D | 27000 | — | Disposed | 0 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2803 | Indirect |
| Common Stock | 267 | Indirect |
| Common Stock | 90000 | Indirect |
| Common Stock | 2106 | Direct |
| Common Stock | 24000 | Direct |
Footnotes
F1: The reporting person holds voting and investment power of all shares held by Universal Finance & Investments, LLC.
F2: The reporting person resigned as an officer of the company effective June 30, 2013. As such, per the terms of the restricted stock grant effective 5/8/2012, these restricted shares were forfeited.
F3: Restricted stock grant of 24,000 shares effective 5/16/2013 for director services: Restrictions will lapse: (i) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $35 per share for 20 consecutive trading days; (ii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $50 per share for 20 consecutive trading days; (iii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days; (iv) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares of which restrictions have not lapsed 6 years and one day from grant date will be forfeited. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 5/16/2013.