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HCI Group, Inc. — Director's Dealing 2015
Dec 11, 2015
31530_dirs_2015-12-11_3dadb12a-2ebf-4e72-abdb-3295f27478ba.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: 2015-12-10
Reporting Person: Madhu Sanjay (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-10 | Common Stock | S | 3000 | $36.05 | Disposed | 75000 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2803 | Indirect |
| Common Stock | 267 | 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: 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.