4//SEC Filing
Apostolou George 4
Accession 0001209191-12-035610
CIK 0001400810other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 4:30 PM ET
Size
16.4 KB
Accession
0001209191-12-035610
Insider Transaction Report
Form 4
Apostolou George
Director
Transactions
- Sale
Series A Cumulative Redeemable Preferred Stock, no par value
2012-06-14$15.11/sh−500$7,557→ 4,500 total(indirect: By LLC)Exercise: $10.00From: 2011-03-25→ Common Stock (500 underlying) - Sale
Series A Cumulative Redeemable Preferred Stock, no par value
2012-06-18$15.04/sh−2,200$33,083→ 750 total(indirect: By LLC)Exercise: $10.00From: 2011-03-25→ Common Stock (2,200 underlying) - Sale
Series A Cumulative Redeemable Preferred Stock, no par value
2012-06-19$15.49/sh−750$11,620→ 0 total(indirect: By LLC)Exercise: $10.00From: 2011-03-25→ Common Stock (750 underlying) - Sale
Series A Cumulative Redeemable Preferred Stock, no par value
2012-06-15$15.01/sh−1,550$23,270→ 2,950 total(indirect: By LLC)Exercise: $10.00From: 2011-03-25→ Common Stock (1,550 underlying)
Holdings
- 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
- 33,000
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
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 4:30 PM ET
- Size
- 16.4 KB