HCI Group, Inc. 4
4 · HCI Group, Inc. · Filed Mar 4, 2016
Insider Transaction Report
Form 4
TRABER MARTIN A
Director
Transactions
- Other
Common Stock
2016-03-02−6,000→ 18,000 total
Holdings
- 45,683
Common Stock
- 80,000(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]Pursuant to an amendment to this 24,000 share restricted stock award granted 5/16/13, the Issuer cancelled effective 3/2/2016 the 6,000 share tranche that was to have vested one year after the closing price of HCI common shares equaled or exceeded $50 per share for 20 consecutive trading days. Of the award's 18,000 remaining shares, 6,000 have previously vested, 6,000 shares will vest one year after the closing price of HCI common shares equals or exceeds $65 per share for 20 consecutive trading days, and 6,000 will vest one year after the closing price of HCI common shares equals or exceeds $80 per share for 20 consecutive trading days. All shares for which restrictions have not lapsed 6 years and one day from the 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.