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Home/Filings/4/0001209191-11-036596
4//SEC Filing

McCahill Francis Xavier III 4

Accession 0001209191-11-036596

CIK 0001400810other
View on SEC.govCompany Profile

Filed

Jun 27, 8:00 PM ET

Accepted

Jun 28, 4:21 PM ET

Size

13.8 KB

Accession

0001209191-11-036596

Insider Transaction Report

Form 4
Period: 2011-06-24
Homeowners Choice, Inc.HCII
McCahill Francis Xavier III
DirectorPresident and CEO
Transactions
  • Disposition to Issuer

    Common stock

    2011-06-27$2.50/sh−85,200$213,000→ 40,000 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    2011-06-24$2.50/sh−99,200$248,000→ 24,800 total
    Exercise: $2.50Exp: 2017-05-31→ Common (99,200 underlying)
  • Exercise/Conversion

    Common stock

    2011-06-24$2.50/sh+125,200$313,000→ 125,200 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    2011-06-24$2.50/sh−26,000$65,000→ 0 total
    Exercise: $2.50From: 2007-06-01Exp: 2017-05-31→ Common (26,000 underlying)
Holdings

  • Common stock

    2,000

  • Stock Warrant (Right to Buy)

    Exercise: $9.10From: 2008-07-30Exp: 2013-07-30→ Common (500 underlying)
    1,000
Footnotes (6)
  • [F1]Shares are held jointly with spouse.
  • [F2]These shares were redeemed by the issuer at a price of $6.50 per share on June 27, 2011. Such redemption was required under the terms of a voluntary separation agreement between Mr. McCahill and Homeowners Choice, Inc.
  • [F3]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.
  • [F4]The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
  • [F5]These options fully vested effective with the June 1, 2007 grant date.
  • [F6]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.

Documents

1 file

Issuer

Homeowners Choice, Inc.

CIK 0001400810

→
Entity typeother

Related Parties

1
  • filerCIK 0001438968

Filing Metadata

Form type
4
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 4:21 PM ET
Size
13.8 KB
View on SEC.gov