HCI Group, Inc. — Director's Dealing 2013

Apr 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Homeowners Choice, Inc. (HCI)
CIK: 0001400810
Period of Report: 2013-04-10

Reporting Person: Madhu Sanjay (Director, Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-10	Common Stock	J	20000	$0.00	Disposed	90000	Indirect
2013-04-10	Common Stock	J	4000	$0.00	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2803	Indirect
Common Stock	267	Indirect
Common Stock	30000	Direct

Footnotes

F1: Shares were transferred to Mr. Madhu's former spouse pursuant to a marital settlement.

F2: The reporting person holds voting and investment power of all shares held by Universal Finance & Investments, LLC.

F3: Restricted Stock Grant effective 5/8/2012: (a)15,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse in annual increments of 3,000 shares beginning on the first anniversary of the Vesting Date. (b)The remaining 15,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse: (i) as to 3,000 shares, one year after the Closing Price equals or exceeds $16 per share for 20 consecutive trading days; (ii)as to 3,000 shares, one year after the Closing Price equals or exceeds $19 per share for 20 consecutive trading days; (iii)as to 3,000 shares, one year after the Closing Price equals or exceeds $22 per share for 20 consecutive trading days; (iv)as to 3,000 shares, one year after the Closing Price equals or exceeds $25 per share for 20 consecutive trading days; (v)as to 3,000 shares one year after the Closing Price equals or exceeds $28 per share for 20 consecutive trading days;

F4: 4,000 shares held indirectly by former spouse's IRA have been disposed of on this Form 4 as Mr. Madhu is no longer a beneficial owner of the shares.