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Filing Details

Accession Number:: 0001209191-16-092548
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-01-20 16:07:01
Reporting Period:: 2016-01-19

Filing Date:: 2016-01-20
Accepted Time:: 2016-01-20 16:07:01
SEC Url:: Form 4 Filing

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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-01-19	854	$30.03	155,793	No	4	P	Direct
Common Stock	Acquisiton	2016-01-19	146	$30.87	155,939	No	4	P	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	34,000	Indirect	IRA
Common Stock	400,000	Direct
Common Stock	284,000	Direct

Reported Derivative Holdings

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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

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

Footnotes

Acquired pursuant to a Section 10b5-1 purchase plan adopted by the Reporting Person.
The reported price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $29.81 to $30.19 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
The reported price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $30.81 to $31.00 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
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.
As of the date of this filing, 100,000 shares have vested and 300,000 shares remain subject to restrictions.
Shares held jointly with spouse.
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.