4//SEC Filing
Patel Harish M 4
Accession 0001209191-13-027560
CIK 0001400810other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 4:34 PM ET
Size
7.9 KB
Accession
0001209191-13-027560
Insider Transaction Report
Form 4
Patel Harish M
Director
Transactions
- Award
Common stock
2013-05-16+24,000→ 24,000 total
Holdings
- 64,000
Common stock
- 30,000
Stock Option (Right to Buy)
Exercise: $6.30Exp: 2021-08-25→ Common (30,000 underlying)
Footnotes (4)
- [F1]Shares are held jointly with spouse.
- [F2]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.
- [F3]The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
- [F4]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.
Documents
Issuer
Homeowners Choice, Inc.
CIK 0001400810
Entity typeother
Related Parties
1- filerCIK 0001518004
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 4:34 PM ET
- Size
- 7.9 KB