4//SEC Filing
Allen Richard R 4
Accession 0001209191-13-025197
CIK 0001400810other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 4:07 PM ET
Size
10.0 KB
Accession
0001209191-13-025197
Insider Transaction Report
Form 4
Allen Richard R
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2013-05-08$32.93/sh−628$20,680→ 28,000 total
Holdings
- 10,189
Common Stock
- 6,000
Stock Option (Right to Buy)
Exercise: $2.50Exp: 2017-05-31→ Common (6,000 underlying) - 450
Common stock
- 4,000
Stock Option (Right to Buy)
Exercise: $2.50From: 2007-06-01Exp: 2017-05-31→ Common (4,000 underlying)
Footnotes (6)
- [F1]Shares are held jointly with spouse.
- [F2]628 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 2,000 restricted shares on 5/8/2013.
- [F3]Restriced Stock Grant effective 5/8/2012: (a)10,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse in annual increments of 2,000 shares beginning on the first anniversary of the Vesting Date. (b)The remaining 20,000 shares of the Restricted Stock issued hereunder the Restrictions will lapse: (i) as to 4,000 shares, one year after the Closing Price equals or exceeds $16 per share for 20 consecutive trading days; (ii)as to 4,000 shares, one year after the Closing Price equals or exceeds $19 per share for 20 consecutive trading days; (iii)as to 4,000 shares, one year after the Closing Price equals or exceeds $22 per share for 20 consecutive trading days; (iv)as to 4,000 shares, one year after the Closing Price equals or exceeds $25 per share for 20 consecutive trading days; (v)as to 4,000 shares one year after the Closing Price equals or exceeds $28 per share for 20 consecutive trading days;
- [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, 3,200 options will vest and become exercisable on each such annual vesting date.
Documents
Issuer
Homeowners Choice, Inc.
CIK 0001400810
Entity typeother
Related Parties
1- filerCIK 0001439141
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 4:07 PM ET
- Size
- 10.0 KB