Homeowners Choice, Inc. 4
4 · Homeowners Choice, Inc. · Filed May 20, 2013
Insider Transaction Report
Form 4
TRABER MARTIN A
Director
Transactions
- Award
Common Stock
2013-05-16+24,000→ 24,000 total
Holdings
- 80,000(indirect: By Trust)
Common Stock
- 45,683
Common Stock
Footnotes (1)
- [F1]Restricted stock grant of 24,000 shares effective 5/16/2013: Restrictions will lapse: (i) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $35 per share for 20 consecutive trading days; (ii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $50 per share for 20 consecutive trading days; (iii) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days; (iv) as to 6,000 shares, one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares of which restrictions have not lapsed 6 years and one day from grant date will be forfeited. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 5/16/2013.