Filing Details

Accession Number:
0001209191-10-035110
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-06-21 13:00:00
Reporting Period:
2010-06-18
Filing Date:
2010-06-21
Accepted Time:
2010-06-21 16:04:43
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1400810 Homeowners Choice Inc. HCII Fire, Marine & Casualty Insurance (6331) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1438968 Iii Xavier Francis Mccahill 2340 Drew Street
Suite 200
Clearwater FL 33765
President And Ceo 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 2010-06-18 1,000 $5.45 2,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,000 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant (Right to Buy) $9.10 2008-07-30 2013-07-30 500 1,000 Direct
Common Stock Option (Right to Buy) $2.50 2007-06-01 2017-05-31 26,000 26,000 Direct
Common Stock Option (Right to Buy) $2.50 2017-05-31 124,000 150,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2013-07-30 500 1,000 Direct
2017-05-31 26,000 26,000 Direct
2017-05-31 124,000 150,000 Direct
Footnotes
  1. Shares are held jointly with spouse.
  2. In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 1,000 units were purchased on 7/30/08 at a price of $7.00 per unit, with each unit consisting of one share of common stock and one warrant. Two warrants may be exercised to acquire one share of common stock at an exercise price equal to $9.10 per share. The warrants may be exercised any time after the closing of the IPO up to five years after the IPO closing date.
  3. The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
  4. These options fully vested effective with the June 1, 2007 grant date.
  5. Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2012, the amount of 24,800 options will vest and become exercisable on each such annual vesting date.