4//SEC Filing
Apostolou George 4
Accession 0001209191-11-019940
CIK 0001400810other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 4:15 PM ET
Size
9.3 KB
Accession
0001209191-11-019940
Insider Transaction Report
Form 4
Apostolou George
Director
Transactions
- Purchase
Series A Cumulative Redeemable Preferred Stock, no par value
2011-03-25$10.00/sh+5,000$50,000→ 5,000 total(indirect: By LLC)Exercise: $10.00From: 2011-03-25→ Common Stock (5,000 underlying)
Holdings
- 33,000
Common stock
- 3,000
Stock Warrant (Right to Buy)
Exercise: $9.10From: 2008-09-02Exp: 2013-07-30→ Common stock (1,500 underlying) - 105,000
Common stock
Footnotes (4)
- [F1]Shares are held jointly with spouse.
- [F2]Open market purchase of 3,000 Homeowners Choice, Inc. units at a price of $6.78 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 at any time on or before July 30, 2013.
- [F3]Shares were purchased in connection with Homeowners Choice, Inc.'s ("HCI") offering of its 7% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred"), which was completed on March 25, 2011. Each share of the Series A Preferred will be convertible, at the holder's option at any time, initially into one share of HCI's common stock based upon an initial conversion price of $10.00 per share.
- [F4]HCI may terminate this conversion right on or after March 31, 2014, if, for at least twenty trading days within any period of thirty consecutive trading days, the market price of HCI's common stock exceeds the conversion price of the Series A Preferred by more than 20% and HCI's common stock is then traded on the New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, or the NYSE Amex.
Documents
Issuer
Homeowners Choice, Inc.
CIK 0001400810
Entity typeother
Related Parties
1- filerCIK 0001439936
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 4:15 PM ET
- Size
- 9.3 KB