Filing Details

Accession Number:
0001209191-16-093595
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-26 16:43:38
Reporting Period:
2016-01-25
Filing Date:
2016-01-26
Accepted Time:
2016-01-26 16:43:38
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-01-25 1,000 $30.83 159,939 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 34,000 Indirect IRA
Common Stock 400,000 Direct
Common Stock 284,000 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
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-09-05 60,000 60,000 Direct
Footnotes
  1. Acquired pursuant to a Section 10b5-1 purchase plan adopted by the Reporting Person.
  2. The reported price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $30.42 to $31.14 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.
  3. 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.
  4. As of the date of this filing, 100,000 shares have vested and 300,000 shares remain subject to restrictions.
  5. Shares held jointly with spouse.
  6. The options were granted pursuant to the HCI Group, Inc. 2007 Stock Option and Incentive Plan.
  7. These options vested and became immediately exercisable upon the fair market value of the Company's Common Stock reaching $7.50 per share.