Home > Insider Trading > Filing (0001209191-13-051631)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1400810	Hci Group Inc.	HCI	Fire, Marine & Casualty Insurance (6331)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1439934	Paresh Patel	5300 W. Cypress Street Suite 100 Tampa FL 33607	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-11-12	356	$43.80	34,000	No	4	P	Indirect	IRA

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	IRA

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership
Common Stock	284,000	Direct
Common Stock	75,450	Direct
Common Stock	400,000	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common	Stock Option (Right to Buy)	$2.50		2017-09-05	60,000	60,000	Direct
Common	Stock Option (Right to Buy)	$2.50		2017-05-31	60,000	60,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-09-05	60,000	60,000	Direct
2017-05-31	60,000	60,000	Direct

Footnotes

Shares are held jointly with spouse.
Restricted stock grant of 400,000 shares effective 5/16/2013: Restrictions will lapse: (i) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $35 per share for 20 consecutive trading days; (ii) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $50 per share for 20 consecutive trading days; (iii) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days; (iv) as to 100,000 shares, one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares of which restrictions have not lapsed 6 years and one day from 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.
The options were granted pursuant to the HCI Group, Inc. 2007 Stock Option and Incentive Plan.
These options vest and become immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share.
Commencing on June 1, 2007 and continuing on the first day of each calendar month thereafter through and including January 1, 2010, the amount of 5,000 options will vest and become exercisable on each such monthly vesting date.