Persaud Krishna 4
4 · Homeowners Choice, Inc. · Filed Nov 8, 2010
Insider Transaction Report
Form 4
Persaud Krishna
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2010-11-02$2.50/sh−30,000$75,000→ 0 totalExercise: $2.50From: 2010-05-31Exp: 2017-05-31→ Common (30,000 underlying) - Exercise/Conversion
Common stock
2010-11-02$2.50/sh+30,000$75,000→ 30,000 total
Holdings
- 80,000(indirect: By LLC)
Common stock
- 120,000(indirect: By LLC)
Common stock
Footnotes (3)
- [F1]The reporting person holds voting and investment power of the remaining 120,000 shares, which are held by Homeowners Choice Holdings, LLC. Prior to the sale on January 20, 2010 of 200,000 shares, the reporting person held the voting and investment power of the 320,000 shares originally reported on Form 3 as held by Windsor Related Holdings, LLC. The reporting person subsequently transferred the 320,000 shares to Homeowners Choice Holdings, LLC.
- [F2]The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
- [F3]Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2010, 10,000 options vested and become exercisable on each such annual vesting date.