0001209191-17-003193.txt : 20170110 0001209191-17-003193.hdr.sgml : 20170110 20170110162704 ACCESSION NUMBER: 0001209191-17-003193 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170107 FILED AS OF DATE: 20170110 DATE AS OF CHANGE: 20170110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HCI Group, Inc. CENTRAL INDEX KEY: 0001400810 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5300 WEST CYPRESS STREET STREET 2: SUITE 100 CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 813 849-9500 MAIL ADDRESS: STREET 1: 5300 WEST CYPRESS STREET STREET 2: SUITE 100 CITY: TAMPA STATE: FL ZIP: 33607 FORMER COMPANY: FORMER CONFORMED NAME: Homeowners Choice, Inc. DATE OF NAME CHANGE: 20070524 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Patel Paresh CENTRAL INDEX KEY: 0001439934 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34126 FILM NUMBER: 17520847 MAIL ADDRESS: STREET 1: 1520 GULF BLVD., APT. 1706 CITY: CLEARWATER STATE: FL ZIP: 33767 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-01-07 0 0001400810 HCI Group, Inc. HCI 0001439934 Patel Paresh 5300 W. CYPRESS STREET SUITE 100 TAMPA FL 33607 1 1 0 0 Chief Executive Officer Common Stock 197000 D Common stock 34000 I IRA Common stock 300000 D Common stock 284000 D Common Stock 2017-01-07 4 A 0 40000 A 40000 D Stock Option (Right to Buy) 2.50 2017-09-05 Common 30000 30000 D Stock Option (Right to Buy) 40.00 2017-01-07 4 A 0 110000 A 2027-01-07 Common 110000 110000 D Restricted stock grant of 400,000 shares effective 5/16/2013: the Issuer cancelled effective 3/2/2016 a 100,000 share tranche of this grant 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. Of the award's 300,000 remaining shares, 100,000 have previously vested, 100,000 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 100,000 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 and under the terms and conditions of a restricted stock agreement dated 5/16/2013. Shares held jointly with spouse. Restricted stock grant of 40,000 shares effective January 7, 2017: Restrictions on 10,000 shares will lapse on each of January 7, 2018, January 7, 2019, January 7, 2020, and January 7, 2021. 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 award contract dated January 7, 2017. The options were granted pursuant to the HCI Group, Inc. 2007 Stock Option and Incentive Plan. These options vested and became immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share. The options were granted pursuant to the HCI Group, Inc. 2012 Omnibus Incentive Plan. The options were granted on January 7, 2017 at an exercise price of $40.00 per share, in excess of the $39.71 market value. Commencing on January 7, 2018 and continuing on the same day of each calendar year thereafter through and including January 7, 2021, the amount of 27,500 options will vest and become exercisable on each such annual vesting date. Once vested, the options may be exercised at any time up to and including January 7, 2027. /s/ Cathy J. Welch as Attorney-in-fact for Paresh Patel 2017-01-10