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