INNOVATE Corp. — Director's Dealing 2016

Apr 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HC2 Holdings, Inc. (HCHC)
CIK: 0001006837
Period of Report: 2016-04-14

Reporting Person: FALCONE PHILIP (Director, CEO, Chairman & President, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-14	Stock Option (Right to Buy)	$7.50	A	500000	Acquired	2026-04-14	Common Stock (500000)	Direct
2016-04-14	Stock Option (Right to Buy)	$10.50	A	500000	Acquired	2026-04-14	Common Stock (500000)	Direct
2016-04-14	Stock Option (Right to Buy)	$13.50	A	500000	Acquired	2026-04-14	Common Stock (500000)	Direct

Footnotes

F1: Reflects shares underlying an option (the "Option") to purchase an aggregate of 1,500,000 shares of the common stock of HC2 Holdings, Inc. (the "Company") issued pursuant to the Company's 2014 Omnibus Equity Award Plan at per share exercise prices as follows: (a) $7.50 with respect to an option to acquire 500,000 shares; (b) $10.50 with respect to an option to acquire 500,000 shares; and (c) $13.50 with respect to an option to acquire 500,000 shares.

F2: The Option vests in three equal installments on each of the first three anniversaries following the grant date (with each tranche vesting one-third on each such date).