HCI Group, Inc. 4
4 · HCI Group, Inc. · Filed Apr 16, 2015
Insider Transaction Report
Form 4
Wallace Scott R
Division President
Transactions
- Tax Payment
Common Stock
2015-04-15$46.47/sh−2,724$126,584→ 71,823 total
Holdings
- 2,295
Common Stock
Footnotes (3)
- [F1]2,724 shares were surrendered to cover the minimum federal income tax liability associated with the vesting on 04/15/2015 of 10,000 restricted shares.
- [F2]Restricted Stock Grant of 100,000 shares effective 4/20/2012: Restrictions on 50,000 shares of the restricted stock will lapse in annual increments of 10,000 shares beginning on the first anniversary of the vesting date. With respect to the remaining 50,000 shares, the restriction period will lapse and 10,000 restricted shares will vest one year after the market price of HCI common shares equals or exceeds the target price in each case for 20 consecutive trading days. The target prices set for this grant are $12, $14, $16, $18 and $20. The number of shares reported in column 5 includes 20,000 unvested shares pursuant to this 04/20/2012 restricted stock grant.
- [F3]Restricted stock grant of 2,500 shares effective 2/28/2014: Restriction period will lapse and the restricted shares will vest as follows: 625 shares on each of January 15, 2015, January 15, 2016, January 15, 2017, and January 15, 2018. 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 2/28/2014. The number of shares reported in column 5 includes 1,875 unvested shares pursuant to this 02/28/2014 restricted stock grant.