HCI Group, Inc. — Director's Dealing 2013

Apr 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCI)
CIK: 0001400810
Period of Report: 2013-04-15

Reporting Person: Wallace Scott R (Division President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-15	Common Stock	F	2766	$25.53	Disposed	97234	Direct
2013-04-17	Common Stock	S	1460	$25.7826	Disposed	95774	Direct

Footnotes

F1: 2,766 shares were surrendered and 1,460 shares were sold to cover the anticipated federal income tax liability associated with the vesting of 10,000 restricted shares.

F2: 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 $20 per share for 20 consecutive trading days;