HCI Group, Inc. 4
4 · HCI Group, Inc. · Filed May 28, 2015
Insider Transaction Report
Form 4
Politis Gregory
Director
Transactions
- Exercise/Conversion
Common Stock
2015-05-26$2.50/sh+40,000$100,000→ 160,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2015-05-26$2.50/sh−40,000$100,000→ 30,000 totalExercise: $2.50Exp: 2017-05-31→ Common Stock (40,000 underlying)
Holdings
- 24,000
Common Stock
- 200,000
Common Stock
Footnotes (5)
- [F1]Shares 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]As of the date of this filing, 6,000 shares have vested and 18,000 shares remain subject to restrictions.
- [F4]The options were granted pursuant to the HCI Group, Inc. 2007 Stock Option and Incentive Plan.
- [F5]Commencing on June 1, 2007 and continuing on the first day of each calendar month thereafter through and including January 1, 2010, the amount of 5,000 options vested and became exercisable on each such monthly vesting date.