Patel Harish M 4
4 · Homeowners Choice, Inc. · Filed Oct 29, 2012
Insider Transaction Report
Form 4
Patel Harish M
Director
Transactions
- Conversion
Common
2012-10-22$9.10/sh+7,000$63,700→ 64,000 total - Conversion
Stock Warrant (Right to Buy)
2012-10-22−14,000→ 0 totalExercise: $9.10From: 2008-07-25Exp: 2013-07-30→ Common (7,000 underlying)
Holdings
- 30,000
Stock Option (Right to Buy)
Exercise: $6.30Exp: 2021-08-25→ Common (30,000 underlying)
Footnotes (5)
- [F1]Shares are held jointly with spouse.
- [F2]In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 14,000 units were purchased on 7/25/08 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 up to July 30, 2013.
- [F3]Two warrants were exercised to acquire each share of common stock at an exercise price of $9.10 per common share.
- [F4]The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
- [F5]Commencing on April 20, 2012 and continuing on the same day of each calendar year thereafter through and including April 20, 2014, the amount of 10,000 options will vest and become exercisable on each such annual vesting date.