HCI Group, Inc. 4
4 · HCI Group, Inc. · Filed May 11, 2015
Insider Transaction Report
Form 4
Allen Richard R
Chief Financial Officer
Transactions
- Tax Payment
Common stock
2015-05-08$46.36/sh−533$24,710→ 4,000 total
Holdings
- 38,201
Common stock
- 450
Common stock
- 2,295
Common stock
Footnotes (4)
- [F1]Shares are held jointly with spouse.
- [F2]533 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 2,000 restricted shares on 5/8/2015.
- [F3]Restricted Stock Grant of 30,000 shares effective 5/8/2012: Restrictions on 10,000 shares of the Restricted Stock will lapse in annual increments of 2,000 shares beginning on the first anniversary of the grant date. With respect to the remaining 20,000 restricted shares, the restriction period will lapse and 4,000 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 $16, $19, $22, $25 and $28. The number of shares reported in column 5 represent the remaining unvested shares pursuant to this 5/8/2012 restricted stock grant.
- [F4]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 in column 5 includes 1,875 unvested shares pursuant to this 2/28/2014 restricted stock grant.