0001209191-18-009158.txt : 20180212
0001209191-18-009158.hdr.sgml : 20180212
20180212155043
ACCESSION NUMBER: 0001209191-18-009158
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180208
FILED AS OF DATE: 20180212
DATE AS OF CHANGE: 20180212
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: 18596199
MAIL ADDRESS:
STREET 1: 1520 GULF BLVD., APT. 1706
CITY: CLEARWATER
STATE: FL
ZIP: 33767
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-02-08
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
74000
D
Common stock
35000
I
IRA
Common stock
300000
D
Common stock
438000
D
Common Stock
40000
D
Common Stock
2018-02-08
4
A
0
40000
A
40000
D
Stock Option (Right to Buy)
40.00
2027-01-07
Common
110000
110000
D
Stock Option (Right to Buy)
40.00
2018-02-08
4
A
0
110000
A
2028-02-08
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, 2018.
Restricted stock grant of 40,000 shares effective February 8, 2018: Restrictions on 10,000 shares will lapse on each of February 8, 2019, February 8, 2020, February 8, 2021, and February 8, 2022. 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 February 8, 2018.
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.
The options were granted on February 8, 2018 at an exercise price of $40.00 per share, in excess of the $34.92 market value. Commencing on February 8, 2019 and continuing on the same day of each calendar year thereafter through and including February 8, 2022, 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 February 8, 2028.
/s/ Richard R. Allen, as Attorney-in-fact for Paresh Patel
2018-02-12