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HCI Group, Inc. — Director's Dealing 2016
Mar 4, 2016
31530_dirs_2016-03-04_5aee9e2b-a7f0-4b35-a156-f44e3d92e791.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: 2016-03-02
Reporting Person: Burks Robert Wayne (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-02 | Common Stock | J | 12000 | — | Disposed | 12000 | Direct |
Footnotes
F1: Pursuant to an amendment to this 24,000 share restricted stock award granted 11/12/13, the Issuer cancelled effective 3/2/2016 the 6,000 share tranche that was to have vested one year after the closing price of HCI common shares equaled or exceeded $50 per share for 20 consecutive trading days, and the 6,000 share tranche that was to have vested one year after the closing price of HCI common shares equaled or exceeded $95 per share for 20 consecutive trading days. Of the award's 12,000 remaining shares, 6,000 shares will vest one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days, and 6,000 will vest one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares for which restrictions have not lapsed 6 years and one day from the grant date will be forfeited. These shares were granted by the Company pursuant to the Company's 2012 Omnibus Incentive Plan.