HCI Group, Inc. 4
4 · HCI Group, Inc. · Filed Mar 4, 2016
Insider Transaction Report
Form 4
Macchiarola James J
Director
Transactions
- Other
Common Stock
2016-03-02−12,000→ 12,000 total
Footnotes (1)
- [F1]Pursuant to an amendment to this 24,000 share restricted stock award granted 11/12/13, 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, and the 6,000 share tranche that was to have vested one year after the closing price of HCI common shares equaled or exceeded $95 per share for 20 consecutive trading days. Of the award's 12,000 remaining shares, 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.