Wallace Scott R 4
4 · Homeowners Choice, Inc. · Filed Apr 17, 2013
Insider Transaction Report
Form 4
Wallace Scott R
Division President
Transactions
- Sale
Common Stock
2013-04-17$25.78/sh−1,460$37,643→ 95,774 total - Tax Payment
Common Stock
2013-04-15$25.53/sh−2,766$70,616→ 97,234 total
Footnotes (2)
- [F1]2,766 shares were surrendered and 1,460 shares were sold to cover the anticipated federal income tax liability associated with the vesting of 10,000 restricted shares.
- [F2]Restricted Stock Grant effective 4/20/2012: (a) 50,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse in annual increments of 10,000 shares beginning on the first anniversary of the Vesting Date. (b) The remaining 50,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse: (i) as to 10,000 shares, one year after the Closing Price equals or exceeds $12 per share for 20 consecutive trading days; (ii) as to 10,000 shares, one year after the Closing Price equals or exceeds $14 per share for 20 consecutive trading days; (iii) as to 10,000 shares, one year after the Closing Price equals or exceeds $16 per share for 20 consecutive trading days; (iv) as to 10,000 shares, one year after the Closing Price equals or exceeds $18 per share for 20 consecutive trading days; (v) as to 10,000 shares, one year after the Closing Price equals or exceeds $20 per share for 20 consecutive trading days;